PSBs clocked 11% growth in H1FY25
Business Standard|November 13, 2024
The Union Finance Ministry on Tuesday said that aggregate business of public sector banks (PSBs) has shown strong growth of 11 per cent in the first half of the financial year 2024-25 (H1FY25) to touch ₹236 trillion.
HARSH KUMAR

The operating and net profit were also robust.

At ₹1.5 trillion, operating profit grew by 14.4 per cent year-on-year (Y-o-Y) while the net profit saw an impressive 25.6 per cent jump at ₹85,520 crore in the first half of FY25.

The ministry said that the global credit and deposit portfolio of PSBs grew by 12.9 per cent and 9.5 per cent Y-o-Y to ₹102.29 trillion and ₹133.75 trillion respectively.

This story is from the November 13, 2024 edition of Business Standard.

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This story is from the November 13, 2024 edition of Business Standard.

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