Banking Boost! From SBI to PNB - State-owned banks log record combined profit in Q2 results | Check quarterly earning DETAILS

-led public sector banks reported a record combined profit of Rs 49,456 crore in the second quarter of the current financial year, marking a 9 per cent year-on-year rise, even though two banks registered a drop in earnings, PTI reported. All 12 public sector banks (PSBs) together made a profit of Rs 45,547 crore in the September quarter of FY25. Thus, the increase in profit in absolute terms was Rs 3,909 crore as compared to the same quarter of the previous financial year, the report added. State Market leader alone contributed 40 per cent to the total earnings of Rs 49,456 crore, as per the published numbers on stock exchanges.