Public Sector Banks (PSBs)
♦ According to the Finance Ministry, Public Sector Banks (PSBs) in India have recorded their highest-ever aggregate net profit of Rs.1.41 lakh crore in the financial year 2023-24. ♦ The Gross Non-Performing Assets (GNPA) ratio steeply declined, dropping to 3.12% in September 2024 from a peak of 14.58% in March 2018. ♦ In the first half of FY 2024-25, Public Sector Banks (PSBs) reported a net profit of Rs.85,520 crore, marking an impressive 26% growth compared to Rs.67,850 crore during the same period in the previous year (2023-24).