💨 Abstract

Public sector banks in India have recorded a historic net profit of Rs 1.29 lakh crore in the first nine months of the current fiscal year, marking a 31.3% annual increase. The 12 state-owned banks have shown significant improvement in key financial parameters, including net profit growth, improved asset quality, and adequate capital buffers. The banks also reported robust credit growth, led by retail, agriculture, and MSME credit growth.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖