Banking sector net profit crosses ₹3 lakh crore in FY24; HDFC Bank, Axis, Bank of Baroda among top picks
Total net profit of listed public sector as well as private sector banks in FY24 jumped 39% year-on-year (YoY) to cross ₹3 lakh crore for the first time. While the 26 private lenders posted a net profit of ₹1.78 lakh crore, the 12 PSU banks reported a net profit of ₹1.41 lakh crore in FY24.
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