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Banks Saw Continued Profitability for the Sixth Year, With 1.4% ROA and 14.6% ROE in H1 2024-25.
The Business Guardian
|December 27, 2024
Banks saw continued profitability for the sixth year, with 1.4% ROA and 14.6% ROE in H1 2024-25.
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The profitability of banks has maintained an upward momentum on the sixth consecutive year in 2023-24, stated the Reserve Bank of India (RBI) in its report on Trend and Progress of Banking in India 2023-24.
The central bank said that the profitability has continued even in the first half (H1) of financial year 2024-25, with the return of assets (RoA) at 1.4 per cent and return on equity (RoE) at 14.6 per cent.
The RBI highlighted that robust credit growth led the expansion of the consolidated balance sheet of scheduled commercial banks (SCBs) during 2023-24.
Dit verhaal komt uit de December 27, 2024-editie van The Business Guardian.
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