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Public Sector Banks post record ₹1.98 lakh crore net profit in FY26

May 12, 2026 revoi editor

New Delhi: Public Sector Banks (PSBs) recorded their highest-ever aggregate net profit of ₹1.98 lakh crore in the financial year 2025–26, marking the fourth consecutive year of profitability, according to data released by the Finance Ministry on Tuesday. The strong financial performance was driven by healthy credit growth, improved asset quality, higher recoveries and strengthened […]

Business

GST Revenue collection for September 2021 crossed the mark of 115,000 cr

October 1, 2021 Vinayak Barot

New Delhi: The gross GST revenue collected in the month of September 2021 is ₹ 1,17,010 crore of which CGST is ₹ 20,578 crore, SGST is ₹ 26,767 crore, IGST is ₹ 60,911 crore (including ₹ 29,555 crores collected on import of goods) and Cess is ₹ 8,754 crore (including ₹ 623 crores collected on import of goods). The […]

Business

Finance ministry gets bigger, Govt brings Department of Public Enterprises (DPE) under finance ministry

July 7, 2021 sanket

Finance Ministry will now have six departments while DPE’s hereto parent ministry, the Ministry of Heavy Industries and Public Enterprises will now be called the Ministry of Heavy Industries. New Delhi: The government has brought Department of Public Enterprises (DPE) under the finance ministry. It will give it a better control over state-owned firms and […]