<h1>Public Sector Banks in India Achieve Record Profit and Decline in Bad Loans, Boosting Rural Expansion and Employee Benefits.</h1> Public Sector Banks (PSBs) in India have seen a significant improvement in financial health, with their Gross Non-Performing Assets (GNPA) declining from a peak of 14.58% in March 2018 to 3.12% in September 2024. The government implemented a 4R strategy to address banking challenges, resulting in a record net profit of Rs. 1.41 lakh crore in 2023-24. PSBs have expanded significantly, especially in rural areas, and have improved capital adequacy and asset quality. Enhanced human resource policies and welfare measures, including increased salaries and pension benefits, have been introduced to support employees and retirees.