Finance Ministry (FinMin) records Public Sector Banks (PSBs) net profit of ₹1.98 lakh crore in FY26

Key facts

• Public Sector Banks (PSBs) achieved an all-time high net profit of ₹1.98 lakh crore in the 2025-26 fiscal year, representing an 11.1 per cent year-on-year increase.
• The aggregate operating profit of PSBs reached ₹3.21 lakh crore, and the aggregate business grew by 12.8 per cent to ₹283.3 lakh crore as of 31 March 2026.
• Aggregate deposits rose 10.6 per cent to ₹156.3 lakh crore, while gross advances increased by 15.7 per cent to ₹127 lakh crore.
• The gross non-performing assets (NPA) ratio of PSBs declined to 1.93 per cent and the net NPA ratio fell to 0.39 per cent as of 31 March 2026.
• Total recoveries amounted to ₹86,971 crore, with the slippage ratio reducing to 0.7 per cent and the provisioning coverage ratio remaining above 90 per cent.