Total profit of PSBs rises to record ₹1.78 lakh cr in FY25

All 12 PSBs had earned total profit of ₹1.41 lakh cr in FY24

- OUR CORRESPONDENT

NEW DELHI: Public sector banks' (PSB) cumulative profit rose to a record level of Rs 1.78 lakh crore in the fiscal year ended March 2025, registering a growth of 26 per cent over the previous year. All 12 PSBs had earned a total profit of Rs 1.41 lakh crore in FY24.

The year-on-year increase in profit in absolute terms rose by about Rs 37,100 crore in FY25.

Out of the total profit of Rs 1,78,364 crore earned during the FY25, market leader State Bank of India alone contributed over 40 per cent of the total earnings, as per the published numbers on stock exchanges.

SBI logged a net profit of Rs 70,901 crore in FY25, 16 per cent higher than the previous fiscal (Rs 61,077 crore).