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PSBs edge private sector banks in Q2FY27 profit growth: SBI Research
Reported by: BusinessLine ·
Summary
BusinessLine, citing SBI Research, reported that public sector banks posted a 20% year-on-year rise in profit to ₹59,366 crore in Q2FY27, marginally ahead of major private sector banks, which grew 19.8% to ₹53,629 crore. Public sector banks are those in which the government holds a majority stake; private banks are owned by private shareholders. Q2FY27 means the July to September quarter of the financial year 2026-27, the second quarter of that year. Year-on-year means compared with the same quarter a year earlier. Profit here is the combined profit of these banks for the quarter, not for the full year. The two growth rates are close, 20% against 19.8%, so the gap between them is small.
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BusinessLine · · Tone +1
PSBs edge private sector banks in Q2FY27 profit growth: SBI Research
Public sector banks reported a 20% y-o-y rise in profit to ₹59,366 crore, marginally ahead of major private banks, which posted 19.8% growth to ₹53,629 crore.
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- Q2FY27
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- What happened here, in simple words? PSBs edge private sector banks in Q2FY27 profit growth: SBI Research
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