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Indian finance officials meet to review record profits from public sector banks, led by SBI's strong performance.
The Indian Finance Ministry has scheduled a meeting on August 20 to review the financial performance of public sector banks (PSBs) for the first quarter of the fiscal year 2025-26.
Led by the State Bank of India (SBI), PSBs achieved a record profit of Rs 44,218 crore, marking an 11% year-on-year growth.
SBI contributed significantly, with a 12% higher net profit, while Punjab National Bank saw a decline of 48% in net profit.
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Los funcionarios financieros indios se reúnen para revisar las ganancias récord de los bancos del sector público, liderados por el sólido desempeño de SBI.