According to an ETIG analysis, a sample of 29 banks reported record quarterly aggregate PAT of ₹72,646.5 crore and PPOP of ₹1,29,241.7 crore for the June 2023 quarter. On a year-on-year basis, net profit shot up by ₹67.8% while PPOP grew by 42.3%. Majority of the banks in the sample reported a robust double-digit growth in PPOP and PAT.
Robust profit growth for banks in Q1 amid higher credit offtake
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