Strong profit to government banks, you will be happy to know the profit of the third quarter, this bank became number one

Banks Results: Such news has come about the profits of the country’s public sector banks, which can make you happy. Public sector banks (PSBs) have collectively earned a net profit of Rs 29,175 crore in the December quarter of the current financial year, which is 65 per cent higher than a year ago. Bank of Maharashtra (BoM) has performed best among these banks.

How much profit did 12 PSBs earn?

In the third quarter of the current financial year, all 12 public sector banks collectively earned a total profit of Rs 29,175 crore. In the same period a year ago, this figure was Rs 17,729 crore. In this way, an increase of 65 percent has been recorded in the combined profits of these banks. In the first nine months (April-December) of the financial year 2022-23, public sector banks have earned a total profit of Rs 70,166 crore, which is 43 percent higher than Rs 48,983 crore a year ago.

Profit of public sector banks increased by 65 percent in the third quarter, Bank of Maharashtra leads

According to the October-December 2022 quarterly results of public sector banks, Bank of Maharashtra’s profit jumped by 139 per cent to Rs 775 crore. Thus, Bank of Maharashtra has registered the highest profit growth among public sector banks.

UCO Bank in second place, know the condition of other banks

Kolkata-based UCO Bank is in second place, earning a profit of Rs 653 crore in the third quarter. This is 110 percent more than its profit in the third quarter of the last financial year. Union Bank of India and Indian Bank have also been able to achieve more than 100 per cent profit growth in the quarter. Mumbai-based Union Bank of India posted a net profit of Rs 2,245 crore, up 107 per cent from the same period a year ago. Chennai-based Indian Bank’s profit also increased by 102 per cent to Rs 1,396 crore.

The profits of banks are increasing continuously.

Public sector banks had earned a profit of around Rs 15,306 crore in the first quarter of the current financial year, which increased to Rs 25,685 crore in the September quarter and Rs 29,175 crore in the December quarter.