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MUMBAI: Net revenue of 12 public sector banks (PSBs) for 9 months ended Dec 2024 crossed Rs 1.3 lakh crore, a 31.3% rise over earlier yr and highest ever for this era. SBI, which was the final to report its outcomes, accounted for 40% of net revenue of all PSBs at Rs 52,258 crore.
A finance ministry assertion stated coverage and course of reforms had strengthened credit score self-discipline, recognition and determination of harassed property, accountable lending, governance, monetary inclusion, and know-how adoption. Total enterprise grew 11% year-on-year to Rs 242.3 lakh crore, whereas mixture deposits elevated 9.8%.
