INDIAN BANKS

February 7, 2025 10:05 AM

Public Sector Banks record 31.3% profit growth in first three quarters of FY 2024-25, achieving Rs. 1.29 lakh crore net profit

Public Sector Banks (PSBs) have reported strong financial performance in the first three quarters (December) of the current financial year 2024-25, with a significant 31.3% year-on-year growth in net profit, reaching a record high of Rs. 1,29,426 crore. This impressive profit surge is supported by an aggregate operating profit of Rs. 2,20,243 crore for the same period as per a press release from the Ministry of Finance on Thursday. Key financial indicators show that PSBs have not only improved ...

INDIAN BANKS: A snapshot of market capitalization and assets

The Indian banking sector is driven by both government (public sector) and private sector banks (PSBs). Data from the Bombay Stock Exchange (BSE) provides insights into the sector's financial health and dominance. MARKET CAPITALIZATION OF PUBLIC SECTOR BANKS: State Bank of India (SBI) remains the largest government bank by market capitalization, currently valued at Rs 793,576 crore. Bank of Baroda (BoB) and Punjab National Bank (PNB) follow, with market capitalizations of Rs 129,439 crore and R...