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FM lauds state-owned banks for recording profits
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IANS | 07 Nov, 2022
Finance Minister Nirmala Sitharaman on Monday lauded all 12 public
sector banks for recording combined net profits worth Rs 25,685 crore in
the second quarter of the current fiscal.
In a series
of tweets, she said, "The continuous efforts of our government for
reducing the NPAs and further strengthening the health of PSBs are now
showing tangible results. All 12 PSBs declared net profit of Rs 25,685
cr in Q2FY23".
She said that the combined net profits of public sector banks recorded a year-on-year growth of 50 per cent.
Similarly,
in the first half of the current fiscal, the 12 state-owned banks
recorded a total profits of Rs 40,991 crore, which were 31.6 per cent
higher year-on-year.
Country's largest lender State Bank of India (SBI) reported a 74 per cent jump in profit to Rs 13,265 crore.
Canara
Bank reported 89 per cent jump in profit to Rs 2,525 crore, UCO Bank
reported a huge 145 per cent jump in profit to Rs 504 crore, while the
Bank of Baroda reported 58.70 per cent profit of Rs 3,312.42 crore in
the September quarter of 2022-23.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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