NEW DELHI: Low NPAs and double-digit credit growth are expected to drive profits of public sector banks past the ₹1.5 lakh crore milestone in 2024-25.
PSBs reported a 25% jump in their total net profit to ₹85,520 crore in the first half of 2024-25 compared to ₹68,500 crore in H1 FY23 and the trajectory is likely to continue in the second half as well.
Public lenders recorded their highest-ever aggregate net profit of ₹1.41 lakh crore in 2023-24 on the back of significant improvement in asset quality, credit growth, healthy capital adequacy ratio and rising return on assets.
The Gross non-performing asset (NPA) ratio of PSBs has witnessed a remarkable improvement, declining to 3.12% in September 2024 from a peak of 14.58% in March 2018.
Denne historien er fra December 28, 2024-utgaven av Hindustan Times West UP.
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Denne historien er fra December 28, 2024-utgaven av Hindustan Times West UP.
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United in battle for survival as their losing run goes on
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Banks to Stick With CDs After 2024 Supply Jumps 50%
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Drugmaker Anthem Biosciences Files Draft Papers for $397 Mn IPO
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Reliance Spends $13 Billion on Acquisitions in 5 Years
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