Question
Which two Public Sector banks declared losses in FY21?
Solution
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.
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