Govt banks see record profit in FY26, GNPA at lowest level; Finmin rebuts Akhilesh
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Public sector banks earned a record ₹1.98 lakh crore profit in FY26, as the finance ministry rebutted claims made by Akhilesh Yadav.
- ✓The ministry said that gross non-performing assets fell to 1.93 per cent, the lowest level in decades.
- ✓These reforms helped many citizens get better access to banking services.
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- MARKET
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- Business Line
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- 4 Minute(s)
- Market Focus
- India Economy
Public sector banks earned a record ₹1.98 lakh crore profit in FY26, despite GNPA rising to 1.93%, boosting access and services
In a point-by-point rebuttal to Samajwadi Party supremo Akhilesh Yadav, the finance ministry on Friday said that public sector banks (PSBs) recorded their highest-ever net profit of ₹1.98 lakh crore in the financial year 2025-26 with continued government interventions and banking reforms.
It has also led to a decline in their gross non-performing assets (GNPA) to 1.93 per cent, the lowest level in several decades, the finance ministry said in a post on X.
The long post from the ministry came in response to Yadav's allegation that the government has made banking worse than even a moneylender.
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