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Public Sector banks report strong performance in the first half of FY25
The Business Guardian
|November 13, 2024
The Public Sector Banks (PSBs) reported a robust performance in the first half of the financial year 2024-25, with aggregate business standing at Rs 236.04 lakh crore, showing 11 per cent Year on Year (YoY) growth, the Ministry of Finance said on Tuesday.
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As per the ministry, the global credit and deposit portfolio of PSBs grew by 12.9 per cent and 9.5 per cent YoY, and stood at Rs. 102.29 lakh crore and Rs. 133.75 lakh crore respectively.
In the first half of the financial year 2025, the operating and net profit stood at Rs 1,50,023 crore which recorded 14.4 per cent YoY growth and Rs 85,520 crore or 25.6 per cent YoY growth respectively.
The Gross and Net NPA which shows the financial strain on the lenders, stood at 3.12 per cent and 0.63 per cent as on September 2024.
Esta historia es de la edición November 13, 2024 de The Business Guardian.
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