The necessary information Total profit of public sector banks in 1.78 rupees in the past fiscal year

New Delhi, May 9, in the previous fiscal year (2024-25), the total profit of public sector banks (PSB) reached a record level of 1.78 rupees with an annual increase of 26 percent.

In the fiscal year 2023-24, all public sector banks profit reached 12 1.41 rupees. In the fiscal year 2024-25, the total profit for all PSB increased by 37100 rupees.

According to the data published on the stock markets, the Pioneer Bank in India (SBI) alone contributed to more than 40 percent in a total profit of 178,364 rupees during the past fiscal year.

SBI profit reached 70,901 rupees in the last fiscal year, which increases 16 percent of 61,077 rupees in the fiscal year 2023-24.

In the percentage, Punjab National Bank (PNB) recorded a net profit of 16,630 rupees with the highest increase of 102 percent, after which the net profit of Punjab and clubs increased by 71 percent to 1016 rupees.

During the year 2024-25, the benefit of all 12 public sector banks (PSB) increased.

Among the banks whose net profits recorded an annual increase in net profit, the net profit for the Central Bank of India increased by 48.4 percent to 3,785 rupees, while the net UCO Bank profit increased by 47.8 percent to 2,445 rupees, and the Bank of India increased by 45.9 percent to 9,219 rupees.

In the last fiscal year, the net profit for the Maharashtra Bank in Bonn increased by 36.1 percent to 5,520 rupees, after which the net profit for the Indian Bank in Chennai increased by 35.4 percent to 10,918 rupees.

PSB got a standard profit in the fiscal year 2025, where he recovered from a record loss of 85390 rupees in the 2017-18 fiscal year.

It can be attributed to the story of this revolutionary change in the banking services industry for the public sector in the initiative and reforms taken by the government headed by Prime Minister Narendra Modi, as well as the credit for former Finance Minister Aaron Jaitley, and behind him Nermalla Setharmann and Minister of Finance Services Rajif Kumar.

The government implemented a comprehensive “4R” strategy. Under this, there is a transparent identity, solution and restoration of extended debts (NPA), rebuilding PSB, and improvement in financial ecosystems.

As part of the strategy, the government has placed an unprecedented amount of 3,10,997 rupees to rebuild public sector banks from the last five years 2016-17 to 2020-21. The drawing program provided very important assistance to PSB and preventing the possibility of any kind of separation on their behalf.

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