Banks' profitability increases for sixth consecutive year in 2023-24, continues to rise in current fiscal: RBI

Mumbai (Maharashtra) [India], December 26 (ANI): The profitability of banks have maintained an upward momentum on the sixth consecutive year in 2023-24, stated the Reserve Bank of India (RBI) in its report on Trend and Progress of Banking in India 2023-24.

The central bank said that the profitability has continued even in the first half (H1) of financial year 2024-25, with the return of assets (RoA) at 1.4 per cent and re