Govt says banks back in green, 13 report profit

The Ministry of Finance on Saturday said that the health of public sector banks, that have been reeling under non-performing assets for the last few years, has been restored and a total of 13 banks reported profits in the first half of the current fiscal.

A statement from the ministry noted that the gross NPAs of the state-run banks have declined from ₹8.96 lakh crore in March 2018 to ₹7.27 lakh crore in September 2019.