Business Standard

Honeymoon with record profits may end in March

From the June quarter, the drop in net interest margin will separate the men from the boys


Tamal Bandyopadhyay
Posting record profits has become a habit for Indian banks. With every quarter, their performance is getting better.

Except for two private banks — Yes Bank Ltd and Bandhan Bank Ltd — and one public sector bank (PSB), Punjab National Bank (PNB), all listed banks have posted a handsome rise in net profits in the December quarter. For India’s largest lender, the State Bank of India (SBI), the Rs 14,205-crore net profit is the highest-ever quarterly profit in its history.

Four PSBs — Bank of Maharashtra, UCO Bank, Union Bank of India and Indian Bank — have more than doubled
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Feb 19 2023 | 4:25 PM IST

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