Union Bank of India The second place stood at Rs 7,52,469 crore with a growth of 21.54 per cent. country’s largest lender state Bank of IndiaRanked third with a growth of 18.15% in Gross Advances.
Although, State Bank Of IndiaTotal debt of Rs.25,47,390 crore was almost 17 times higher than that of BoM as a whole at Rs.1,48,216 crore.
Retail-agri-MSME (RAM) loans grew the highest at 22.31 per cent in BoM during the period under review, followed by Bank Of Baroda With 19.53 per cent and SBI with 16.51 per cent.
BoM led the list of low cost current account savings account (CASA) deposits with 56.27 per cent, followed by Canara Bank at 50.99 percent.
BoM and SBI were the top laggards among PSBs, a key profitability parameter, with a net interest margin (NIM) of 3.55 per cent. bank of india On the other hand, Central Bank of India stood second and third with 3.49 and 3.44 per cent respectively.
According to a review of quarterly financial data released by public sector lenders, BoM and SBI were in the lowest percentage in terms of gross non-performing assets (NPAs) and net NPAs.
The analysis showed that the gross NPAs reported by BoM and SBI were 3.40 per cent and 3.52 per cent respectively of their total advances in the second quarter. The net NPAs of these banks stood at 0.68 per cent and 0.80 per cent respectively at the end of September 2022.
At the close of Q2 of 2022-23, BoM had the highest capital adequacy ratio among PSBs at 16.71 per cent, followed by Canara Bank at 16.51 per cent and Indian Bank at 16.15 percent.
Finance Minister Nirmala Sitharaman had revealed last week that the government’s efforts to reduce bad loans have yielded results, with all 12 PSBs reporting a 50 per cent jump in combined net profit to Rs 25,685 crore in the second quarter. is of.
The total net profit of all PSBs grew 32% to Rs 40,991 crore in the first half of FY23.