Question

What contributed to the record ₹1.78 lakh crore profit by Public Sector Banks (PSBs) in FY25?

Q: Answer-What contributed to the record ₹1.78 lakh crore profit by Public Sector Banks (PSBs) in FY25?

Explanation The 4R strategy Recognition, Resolution, Recapitalisation, and Reforms was implemented by the government, leading to improved stability and profitability of PSBs.

A Merger of private banks

B Relaxed taxation on interest income

C Implementation of the 4R strategy by the government

D Increase in remittances

E RBI interest rate hike

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