Mon, December 16, 2024

[ Mon, Dec 16th 2024 ]: Winnipeg Free Press

Ottawa to unveil economic update detailing deficit, new border security package

[ Mon, Dec 16th 2024 ]: Daily Monitor

BoU, Ministry of Finance lock horns over audit on money heist

[ Mon, Dec 16th 2024 ]: Cyprus Mail

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[ Mon, Dec 16th 2024 ]: Reuters

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[ Mon, Dec 16th 2024 ]: sinchew

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[ Mon, Dec 16th 2024 ]: Business Today

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[ Mon, Dec 16th 2024 ]: TechRadar

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[ Mon, Dec 16th 2024 ]: MSN

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[ Mon, Dec 16th 2024 ]: Business Standard

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[ Mon, Dec 16th 2024 ]: MSN

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[ Mon, Dec 16th 2024 ]: Business Standard

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[ Mon, Dec 16th 2024 ]: Rappler

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[ Mon, Dec 16th 2024 ]: Arabian Business

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[ Mon, Dec 16th 2024 ]: The Age

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[ Mon, Dec 16th 2024 ]: India Today

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[ Mon, Dec 16th 2024 ]: Forbes

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[ Mon, Dec 16th 2024 ]: moneycontrol.com

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Sun, December 15, 2024

[ Sun, Dec 15th 2024 ]: Firstpost

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[ Sun, Dec 15th 2024 ]: bnnbloomberg

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[ Sun, Dec 15th 2024 ]: Sydney Morning Herald

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[ Sun, Dec 15th 2024 ]: CTV News

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[ Sun, Dec 15th 2024 ]: The Globe and Mail

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[ Sun, Dec 15th 2024 ]: The New Zealand Herald

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[ Sun, Dec 15th 2024 ]: Couriermail

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[ Sun, Dec 15th 2024 ]: The Age

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[ Sun, Dec 15th 2024 ]: AOL

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[ Sun, Dec 15th 2024 ]: Business Line

Public sector banks record net profit of ?85,520 crore in first half FY2024-25

[ Sun, Dec 15th 2024 ]: The Financial Express

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[ Sun, Dec 15th 2024 ]: Forbes

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[ Sun, Dec 15th 2024 ]: Seattle Times

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[ Sun, Dec 15th 2024 ]: USA Today

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[ Sun, Dec 15th 2024 ]: The Straits Times

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[ Sun, Dec 15th 2024 ]: Daily Express

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[ Sun, Dec 15th 2024 ]: Zee Business

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[ Sun, Dec 15th 2024 ]: Wales Online

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[ Sun, Dec 15th 2024 ]: Post and Courier

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[ Sun, Dec 15th 2024 ]: Detroit News

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[ Sun, Dec 15th 2024 ]: Reuters

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[ Sun, Dec 15th 2024 ]: businesstech.co.za

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[ Sun, Dec 15th 2024 ]: The Motley Fool

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[ Sun, Dec 15th 2024 ]: Business Standard

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[ Sun, Dec 15th 2024 ]: Arabian Business

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[ Sun, Dec 15th 2024 ]: The Daily Telegraph

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[ Sun, Dec 15th 2024 ]: Business Times

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[ Sun, Dec 15th 2024 ]: MSN

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[ Sun, Dec 15th 2024 ]: moneycontrol.com

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[ Sun, Dec 15th 2024 ]: Yahoo Finance

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[ Sun, Dec 15th 2024 ]: Business Insider

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Public sector banks record net profit of ?85,520 crore in first half FY2024-25

Public sector banks (PSBs), led by SBI, set for another stellar year in 2024-25 with record profits and transformative reforms.
Public sector banks in India have reported a significant increase in net profits, reaching ₹85,520 crore in the first half of the fiscal year 2024-25, as per data from the Finance Ministry. This marks a 61% rise compared to the ₹53,080 crore recorded in the same period of the previous fiscal year. The improvement in financial performance is attributed to better asset quality, with gross non-performing assets (NPAs) decreasing to 3.75% from 4.61% and net NPAs reducing to 0.76% from 1.17%. Additionally, the provisioning coverage ratio has improved to 92.34% from 90.89%, indicating stronger financial health and risk management. The return on assets also saw an uptick to 0.92% from 0.64%, reflecting enhanced profitability. This performance underscores the ongoing recovery and strengthening of public sector banks, supported by government initiatives and internal reforms.

Read the Full Business Line Article at:
[ https://www.thehindubusinessline.com/economy/public-sector-banks-record-net-profit-of-85520-crore-in-first-half-fy2024-25/article68988979.ece ]