PSU banks record 9% growth in profit to record ₹49,456 cr profit in Q2

State Bank of India-led public sector banks posted a record cumulative profit of ₹49,456 crore in the second quarter of the current fiscal, reflecting a 9 per cent year-on-year growth despite two lenders reporting a decline. All 12 public sector banks (PSBs) together made a profit of ₹45,547 crore in the September quarter of FY25. Thus, the increase in profit in absolute terms was ₹3,909 crore as compared to the same quarter of the previous financial year.Market leader SBI alone contributed 40 per cent to t ...