PSU banks earned total profit of ₹70,167 crore in April-December FY23: Govt.

PSU banks' gross NPA declines to 5.53%; earn total profit of ₹70,167 crore in Apr-Dec FY23

Capital adequacy ratio of PSBs improved to 14.5 per cent in December 2022

PSU banks earned total profit of ₹70,167 crore in April-December FY23: Govt.

Minister of State for Finance Bhagwat K. Karad also said the NPA ratio of public sector banks has improved — declining from the peak of 14.6% in March 2018 to 5.53% in December 2022

PSU banks' gross NPA falls to 5.53%; total profit stands at Rs 70,167 crore in Apr-Dec FY23

In reply to another question, Karad said, as per the information provided by the Ministry of Road Transport & Highways (MoRTH), the total estimated vehicle fleet is 30.48 crore (excluding data from Madhya Pradesh, Andhra Pradesh, and Lakshadweep), of which 16.54 crore vehicles are uninsured. Get more Banking News and Business News on Zee Business.