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Public Sector Banks Record Net Profit of Rs 85,520 Crore In First Half FY2024-25

Kumari Sonali

Public Sector Banks Record Net Profit of Rs 85,520 Crore In First Half FY2024-25:

In the first half of FY 2024-25, Public Sector Banks (PSBs), including the State Bank of India (SBI), reported a net profit of ₹85,520 crore, marking an impressive 26% growth compared to ₹67,850 crore during the same period in the previous year. This significant achievement underscores the operational efficiency and financial resilience of PSBs, driven by improved asset quality, robust credit monitoring, and enhanced operational efficiency.

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