India’s banking sector has shown a sharp rise in profits over the last few years, with both private and public sector banks (PSU banks) reporting strong growth. The data available from Ace Equity highlights how the Indian banking industry, with 28 listed private banks and 13 PSU banks, has transformed into a profit powerhouse. Advertisement

In FY25, the combined profit after tax (PAT) of all 41 banks stood at Rs 4.02 lakh crore, up from Rs 3.45 lakh crore in FY24 and just Rs 28,642 crore in FY20. This shows how strongly the sector has recovered and expanded in recent years. The consistent rise in PAT indicates better lending practices, healthier balance sheets, and stronger earnings across both private and public players.

Private banks continued to lead in terms of profitability. Their

See Full Page