Public Sector Banks post record ₹1.29 lakh crore net profit in April–December 2024
Public Sector Banks reported their highest-ever aggregate net profit of ₹1,29,426 crore in April–December of FY 2024-25, up 31.3% year-on-year, the Finance Ministry said on 6 February 2025.
Summary
The Ministry of Finance said on 6 February 2025 that Public Sector Banks (PSBs) recorded their highest-ever aggregate net profit of ₹1,29,426 crore in the first nine months (April–December) of FY 2024-25, a growth of 31.3% year-on-year, with operating profit of ₹2,20,243 crore. As on 31 December 2024, the net NPA ratio stood at 0.59%, aggregate business grew 11% to ₹242.27 lakh crore, and credit grew 12.4%, led by retail credit at 16.6%. The aggregate Capital to Risk Weighted Assets Ratio was 14.83%, well above the minimum requirement of 11.5%.
Key facts
- Period
- April–December 2024 (FY 2024-25)
- Net profit
- ₹1,29,426 crore, up 31.3% y-o-y (highest ever)
- Net NPA
- 0.59% (as on 31.12.2024)
- Business
- ₹242.27 lakh crore, up 11.0%; deposits up 9.8%
- Credit growth
- 12.4% (retail 16.6%, agriculture 12.9%, MSME 12.5%)
- CRAR
- 14.83% vs 11.5% minimum
Practice MCQs 3 questions
What aggregate net profit, in ₹ lakh crore, did Public Sector Banks report for April–December 2024, as per the Finance Ministry?
Show answer
Correct answer: D — 1.29
PSBs posted their highest-ever aggregate net profit of ₹1,29,426 crore, about ₹1.29 lakh crore, up 31.3% year-on-year.
What was the net NPA ratio of Public Sector Banks as on 31 December 2024?
Show answer
Correct answer: A — 0.59%
The net NPA ratio of PSBs was 0.59%, with aggregate net NPAs of ₹61,252 crore.
What was the aggregate Capital to Risk Weighted Assets Ratio (CRAR) of Public Sector Banks as on 31 December 2024?
Show answer
Correct answer: D — 14.83%
The aggregate CRAR of PSBs was 14.83%, well above the minimum requirement of 11.5%.