Answer-Which two Public Sector banks declared losses in FY21?

Public sector banks more than quadrupled their net profit in the FY 2021-2022. During the FY 2021-22, the aggregate profit of 12 state-owned banks was Rs 66,539 crore, up 110 from Rs 31,816 crore in the previous year. Only two PSBs Central Bank and Punjab Sind Bank declared losses in FY21, dragging down the overall net profit.

Question

Which two Public Sector banks declared losses in FY21?

A Central Bank and Punjab & Sind Bank

B Central Bank and Bank of Maharashtra

C Union Bank of India and Punjab & Sind Bank

D Central Bank and Union Bank of India

E None of the above

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Which two Public Sector banks declared losses in FY21?

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