Public sector banks in India, led by SBI, achieved a record collective profit of Rs 44,218 crore in the first quarter, marking an 11% year-on-year increase. SBI contributed significantly, accounting for 43% of the total earnings. While most PSBs saw profit growth, PNB experienced a decline, contrasting with Indian Overseas Bank's substantial 76% profit surge.
from Banking/Finance-Industry-Economic Times https://ift.tt/NqHjgP9
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