NPAs of 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 ...

NPAs of Indian banks likely to decline by another 0.4 per cent by March: Fitch

The gross non-performing assets (NPAs) ratio of Indian banks may decline by another 0.4 per cent to 2.4 per cent by March 2025 followed by a further 0.2 per cent dip in the next financial year, according to rating agency Fitch. Although the stress in retail loans is rising, particularly in unsecured credit, robust growth, recoveries and write-offs are expected to offset the increase in non-performing loans, the Fitch report said. It pointed out that currently, lending stress appears to be conc...