Public Sector Banks’ Profit Surpasses ₹1.4 Lakh Crore in FY24
In the financial year ending March 2024, the cumulative profit of public sector banks (PSBs) surged, reaching over ₹1.4 lakh crore, marking a significant 35% increase from the previous year’s earnings of ₹1.04 lakh crore. State Bank of India (SBI) emerged as a major contributor, accounting for over 40% of the total earnings. Key Highlights …
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