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- Public Sector Banks (PSBs) in India earned their highest-ever total net profit of almost 1 lakh 41 thousand crore in FY24.
- In September 2024, the Gross Non-Performing Assets (GNPA) ratio dropped to 3.12%.
- Compared to the peak GNPA of 14.58 percent in March 2018, this is a sharp drop.
- The PSBs have also made a substantial contribution to shareholder returns, according to the Finance Ministry.
- Over the previous three years, they distributed dividends totalling about 62 thousand crore rupees.
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