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Economy News

The Economic Times

Economy / The Economic Times

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State banks record all-time high net profit of Rs 1.98 lakh crore in FY26: FinMin

Public Sector Banks have achieved a record net profit of Rs 1.98 lakh crore in FY 2025-26, marking their fourth consecutive year of strong financial performance. Improved asset quality, robust credit growth, and increased income fueled this historic achievement. Banks are now well-capitalized and poised to support India's economic expansion.

12 May 2026 4:14 pm