Public sector banks post 25.6% rise in H1 FY25 net profit; gross NPA at 3.12%
On 12 November 2024, the Finance Ministry said public sector banks' aggregate business grew 11% year-on-year in the first half of FY 2024-25, with net profit of ₹85,520 crore.
Summary
On 12 November 2024, the Ministry of Finance said public sector banks (PSBs) performed strongly in the first half of FY 2024-25. Their aggregate business stood at ₹236.04 lakh crore, up 11% year-on-year, with global credit and deposits growing 12.9% and 9.5%. Operating profit was ₹1,50,023 crore (+14.4%) and net profit ₹85,520 crore (+25.6%). Gross and net NPAs were 3.12% and 0.63% as of September 2024, and the capital to risk-weighted assets ratio (CRAR) was 15.43% against the regulatory requirement of 11.5%.
Key facts
- Period
- H1 FY 2024-25
- Aggregate business
- ₹236.04 lakh crore (+11%)
- Net profit
- ₹85,520 crore (+25.6%)
- Operating profit
- ₹1,50,023 crore (+14.4%)
- Gross / Net NPA
- 3.12% / 0.63% (Sept 2024)
- CRAR
- 15.43% (requirement 11.5%)
Practice MCQs 3 questions
What was the gross NPA ratio of public sector banks as of September 2024?
Show answer
Correct answer: A — 3.12%
PIB (Finance): gross and net NPA stood at 3.12% and 0.63% as on September 2024.
What was the combined net profit of public sector banks in H1 FY 2024-25?
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Correct answer: C — ₹85,520 crore
PIB (Finance): net profit for H1 FY25 was ₹85,520 crore (25.6% YoY growth); ₹1,50,023 crore was the operating profit.
As of September 2024, the CRAR of public sector banks was 15.43% against a regulatory requirement of:
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Correct answer: D — 11.5%
PIB (Finance): CRAR stood at 15.43% in September 2024 against the regulatory requirement of 11.5%.