The Banking Scorecard
The combined profit of listed public and private sector banks surged 39% to ₹3.1 lakh crore in FY24, compared with ₹2.2 lakh crore in FY23.
The combined profit of listed public and private sector banks surged 39% to ₹3.1 lakh crore in FY24, compared with ₹2.2 lakh crore in FY23.
Sales, expenditure and operating profit growth of 2,890 listed private companies declined in Q2 2022-23, interest costs increased.
The bank says the 250% quarter-on-quarter increase in slippages is largely due to RBI’s new NPA recognition & resolution norms.