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.
This story is from the December 28, 2024 edition of Hindustan Times Patna.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 28, 2024 edition of Hindustan Times Patna.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
S Korea's Yoon Arrested Over Martial Law Fiasco
Hours after South Korea's impeached President Yoon Suk Yeol was formally arrested, triggering rioting by his supporters, his lawyers said on Sunday that he remains defiant in his refusal to answer questions over the probe into his declaration of martial law last month.
Schools in Patna to Reopen With Changed Timing From 9 AM
All schools in Patna up to class 8, which were closed due to cold, will reopen from Monday, but will function with revised timings between 9am and 3.30pm for all classes till January 25, said an order issued by Patna district magistrate (DM) Chandra Shekhar Singh on Sunday.
The world has always loved Indian beats
Jason Derulo is no stranger to India or Indian music. The American singer-songwriter and dancer has previously collaborated with rapper King on the party anthem Bumpa, with singer-songwriter Tesher on the hit single Jalebi Baby, and even took the stage to perform at the 2023 IPL.
Budget 2025 to Offer Tax Breaks for Individuals
Higher standard deduction, reworking of income tax slab structure likely
Gaza Ceasefire Starts After Delay; Hamas Lists Hostages for Sunday
An Israeli official confirmed that Romi Gonen, 24, Emily Damari, 28, and Doron Steinbrecher, 31, were set to be released on Sunday
Battery swapping policy for EVs on backburner
A federal policy to encourage battery swapping for electric vehicles may go on the backburner, two people aware of the matter said, in the backdrop of industry fears that forcing common standards is not practical and will hurt innovation.
Sabalenka, Gauff on collision course as Alcaraz moves on
World number one Aryna Sabalenka swept into the quarter-finals at a scorching-hot Australian Open on Sunday and was joined by Coco Gauff, while Carlos Alcaraz advanced when Jack Draper retired.
As Many As 60 People Killed In Colombia Guerrilla Violence
The death toll from attacks by ELN rebels in Colombia has risen to 60 in the country's restive Catatumbo region near the border with Venezuela, officials said on Saturday.
Modi, Naidu Will Speed Up Andhra's Progress: Shah
Union home minister Amit Shah on Sunday emphasised the support of the Prime Minister Narendra Modi-led government for Andhra Pradesh, announcing that the Centre has approved projects totalling over ₹3 lakh crore for the state in just six months.
Criminal Injured in Gunbattle With Police in Gopalganj Dist
A criminal allegedly involved in the murder of a government school teacher was injured in an encounter with police in Bihar's Gopalganj district on Sunday morning, police said.
