banks q2 review: Banks report record net profit in Q2, growth may taper amid pressure on NIMs
For a sample of 29 listed banks, net profit grew by 32.9% year-on-year to Rs 76,764.9 crore in the September quarter; it was above Rs 70,000 crore for the second quarter in a row. Among the sample banks, the public sector banks (PSBs) reported net profit of Rs 33,643.3 crore, a year-on-year increase of 31% whereas profit for the private sector banks rose at a faster rate of 34.4% to Rs 43,121.6 crore.
Source: indiatimes.com