Government is unlikely to announce capital infusion for PSU banks in the upcoming Budget: Report

In the first half of FY23, the cumulative net profit of all PSBs increased by 32 percent to ₹40,991 crore. The combined profit more than doubled to ₹66,539 crore in 2021–22 despite COVID-19 pressure. Meanwhile, the gross NPA ratio of banks has fallen to a 7-year low of 5% in September 2022.

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