12 state-run banks post 50% jump in Q2 profit at ₹25,685 crore: FM

Union Finance Minister Nirmala Sitharaman has said that 12 public sector banks reported a 50% jump in combined net profit at ₹25,685 crore in the second quarter ended September. "The continuous efforts of...government for reducing the NPAs and...strengthening the health of PSBs are now showing tangible results," she tweeted. Notably, SBI posted the highest-ever profit of ₹13,265 crore in Q2.