PSBs achieve Rs 1.41 lakh crore net profit; GNPA drops to 3.12 per cent

New Delhi [India], December 15 (ANI): Indian Public Sector Banks (PSBs) have recorded their highest-ever aggregate net profit of Rs 1.41 lakh crore in the financial year 2023-24, the Ministry of Finance said in a release on Sunday.

The Gross Non-Performing Assets (GNPA) ratio steeply declined, dropping to 3.12 per cent in September 2024. Demonstrating continued momentum, the PSBs have registered a net profit of Rs 85,5206