Indian public sector banks Q2 FY25 profits decline 0.6%, projecting 15% CAGR long-term growth.
Public sector banks (PSBs) in India are projected to see a 0.6% decline in quarterly profits for Q2 FY25, but a strong 17.2% year-on-year growth, driven by flat net interest margins and increased loan loss provisions. Long-term growth remains promising, with a 15% compound annual growth rate (CAGR) forecasted from FY24 to FY26. Private sector banks expect mixed results, with modest profit growth. Overall, both sectors face short-term challenges but retain positive long-term prospects.
October 06, 2024
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