Achievement of Modi Govt on Banking Front
This is one of BIGGEST Achievements of PM Narendramodi Ji, FM N SitaramanJi & RBI Governor DasShaktikanta Ji. BHARAT FINALLY DECLARES VICTORY OVER BAD LOANS! Bharat's Banking Sector has posted remarkable results which were just unimaginable in 2014! From record losses of Rs 85390 Crore in FY19, the 12 Public Sector Banks (PSBs) have safely crossed over path of hell to heaven, reporting Net Profit of Rs 1.4 Lakh Crore in FY24 (34% rise YoY). The 26 Pvt Banks have posted Net Profit of Rs 1.78 Lakh Crore (42% rise YoY). Total Combined Net Profits of listed PSBs as well as Pvt Sector Banks in FY24 jumped 39% y-o-y to cross Rs 3 Lakh Crore for the first time in Bharat's Banking History. Had you ever expected THIS turnaround after Banking Crisis given in heritage by Economists of UPA? Nation's largest lender SBI emerged as the leader, with Net Profit jumping by whopping 125% to Rs 20968 Crore during March quarter-biggest quarterly profit by any Bharatiya ...