Profit of PSBs expected to touch Rs 1 Lakh Cr in Q4 FY23
Public sector banks (PSBs) in India are expected to report a profit of Rs 1 lakh crore in the fourth quarter of FY23, indicating a significant improvement in their financial performance.
New Delhi: After the Public Sector Banks' (PSBs) good performance in the third quarter of the current financial year 2023, the banks may expect robust profit growth in their fourth quarter.
The decline in bad loans and higher loan growth are one of the key factors which lead towards good performance in profit. Accordingly, Rs. 1 Lakh Crore can be expected in this quarter end, said sources.
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