This 4-Year-Old Bank Posted More Profit Than 17 State-run Banks Combined - Viral Bake
75
75 points

When the aggregate profit of 17 public-sector banks was dipping, the net profit of the private-sector lender Bandhan bank stood at Rs. 971.8 crores in July-September of FY20. The combined net profit of the 17 public-sector banks stood at Rs. 466.4 crores.

Also Read: Chandrayaan 3 To Take Flight In November 2020, Details Here

The loss, as reported by Livemint, is due to the poor show by state-owned banks as losses made by a handful of banks have plunged down the profit of the entire group. The top losers were Allahabad Bank and Indian Overseas Bank. The Non Performing Assets remains to be the prime reason behind banks incurring losses.


Read more at Livemint



Like it? Share with your friends!

75
75 points

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
1
love
lol lol
0
lol
omg omg
1
omg
win win
1
win