<h1>Indian Public Sector Banks Achieve Record Net Profit of Rs 1.29 Lakh Crore, Driven by Strong Asset Quality and Growth</h1> Public Sector Banks (PSBs) in India reported a record net profit of Rs 1.29 lakh crore in the first nine months of FY 2024-25, marking a 31.3% year-on-year growth. This performance is attributed to improved asset quality, with a low Net NPA ratio of 0.59%, and robust business growth, including a 12.4% increase in credit, led by retail and agriculture sectors. PSBs have also strengthened their capital buffers, with a Capital to Risk Weighted Assets Ratio of 14.83%. Policy reforms have enhanced credit discipline and financial inclusion, contributing to the overall health of the banking sector.