NPA

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 ...

SBI posts robust 84 pc surge in net profit at Rs 16,891 crore in Q3

India's largest public sector lender, the State Bank of India (SBI), on Thursday reported an impressive 84.32 per cent surge in net profit (year-on-year) at Rs 16,891 crore for the October-December quarter (Q3 FY25), from Rs 9,164 crore in the year-ago period. The profit rise was aided by higher core income during the quarter. The net interest income (NII), or core income, was up 4.09 per cent from a year ago and stood at Rs 41,445.5 crore compared to Rs 39,816 crore, according to the bank’s...