Indian banks in strongest position for reforms as NPAs hit record low: Sitharaman

August 17, 2026 1:48 PM

Indian banks in strongest position for reforms as NPAs hit record low: Sitharaman

Finance Minister Nirmala Sitharaman on Monday said non-performing assets (NPAs) in the Indian banking sector have fallen to their lowest-ever level, placing banks in a stronger position to undertake the next phase of reforms. Addressing the inaugural session of the two-day PSB Confluence 2026, Sitharaman said the significant improvement in banks' balance sheets followed a challenging clean-up process and had strengthened their credibility. She said the banking sector was now in a position to p...

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

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 ...