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Government Banks: The profit of all 12 public sector banks has increased to a historic level of Rs 1,05,298 crore in 2022-23. SBI alone has about half of this stake, which is a record in terms of bank profits. At the same time, all 12 public sector banks have earned a profit of Rs 34,643 crore in the March quarter. The special thing is that none of the 12 public sector banks is in loss. The bad loans (NPAs) of these banks have also come down.
Profits of PSBs/Government Banks
| Bank | March Quarter (crores) | FY22-23 (crores) |
|---|---|---|
| SBI | 16,695 | 50,232 |
| Bank of Baroda | 4,775 | 14,109 |
| Canara Bank | 3,336 | 11,254 |
| Union Bank | 2,782 | 8,433 |
| Bank of India | 1,350 | 4,023 |
| Bank Of Maharashtra | 840 | 2,602 |
| PNB | 1,159 | 2,507 |
| Central Bank of India | 571 | 1,582 |
| Punjab And Sind Bank | 457 | 1,313 |
| Indian Bank | 1,447 | 5,282 |
| Indian Overseas Bank | 650 | 2,099 |
| UCO Bank | 581 | 1,862 |
PSBs Profit/Loss for the last 6 years
| Year | Profit/Loss (in crores) |
|---|---|
| 2022-23 | 1,05,298 |
| 2021-22 | 66,539 |
| 2020-21 | 31,820 |
| 2019-20 | – 25,941 |
| 2018-19 | – 66,636 |
| 2017-18 | – 85,870 |
Business of PSBs
| Bank | Business |
|---|---|
| SBI | 77 lakh crores |
| Bank of Baroda | 21.73 lakh crore |
| PNB | 21 lakh crore |
| Canara Bank | 20.41 lakh crore |
| Union Bank | 19.27 lakh crore |
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