<h1>Indian Public Sector Banks Report Record Profit of Rs 1.29 Lakh Crore, Driven by 12.4% Credit Growth</h1> Public sector banks in India reported a record net profit of Rs 1.29 lakh crore for the April-December period of the current fiscal year, reflecting a 31.3% increase from the previous year. The finance ministry highlighted improvements in key financial metrics, including asset quality and capital buffers. The 12 state-owned banks achieved an aggregate operating profit of Rs 2,20,243 crore, with a net NPA ratio of 0.59%. The banks experienced 11% business growth, with credit growth of 12.4%, driven by retail, agriculture, and MSME sectors. The capital adequacy ratio stood at 14.83%, exceeding the required minimum.