Acc. ‘a : The Current Wii l 3 S FINANCE, RBI, ECONOMY, BANK! RBI To Pay Dividend For FY22-23 (BAY AT 12:00 PM BY ASHISH GAUTAMAddale47) Lior Ce aS mLI eos Public sector banks' total profit crosses Rs 1 lakh crore-mark in FY23. arate aa & dat ar per ot FY23 F 1 TS Hog BA ates Stan ae Use Code: Y168 for All Live Classes/ MahaPack || For Books/ E-Book/ Mock — Y168sDaily Mon to Sat @ 12 PM Public sector banks' cumulative profit crossed the Rs 1 lakh crore- mark in the financial year ended March 2023. State Bank of India (SBI) accounting for nearly half of the total earnings. From posting a total net loss of Rs 85,390 crore in 2017-18, the Public Sector Banks (PSBs) have come a long way as their profit touched Rs 1,04,649 crore in 2022-23. These 12 PSBs witnessed 57 per cent increase in total profit compared to Rs 66,539.98 crore earned in 2021-22.Addale47) Lior Ce aS mLI eos * In percentage terms Pune-based Bank of Maharashtra (BoM) had the highest net profit growth with 126 per cent to Rs 2,602 crore, followed by UCO with 100 per cent rise to Rs 1,862 crore and Bank of Baroda with 94 per cent increase to Rs 14,110 crore. However, in absolute term, SBI has reported an annual profit of Rs 50,232 crore in 2022-23, showing an increase of 59 per cent over the preceding financial year. Use Code: Y168 for All Live Classes/ MahaPack || For Books/ E-Book/ Mock — Y168sAddale47) Lior Ce aS mLI eos ° Except for the Punjab National Bank (PNB), other PSBs have reported impressive annual increases in their profit after tax. Delhi-headquarter PNB posted a 27 per cent decline in annual net profit from Rs 3,457 crore in 2021-22 to Rs 2,507 crore in the year ended March 2023. The PSBs which reported an annual profit in excess of Rs 10,000 crore are Bank of Baroda (Rs 14,110 crore) and Canara Bank (Rs 10,604 crore). Use Code: Y168 for All Live Classes/ MahaPack || For Books/ E-Book/ Mock — Y168sDaily Mon to Sat @ 12 PM Other lenders like Punjab and Sind Bank posted an annual profit growth 26 per cent (Rs 1,313 crore), Central Bank of India 51 per cent (Rs 1,582 crore), Indian Overseas Bank 23 per cent (Rs 2,099 crore), Bank of India 18 per cent (Rs 4,023 crore), Indian Bank 34 per cent (Rs 5,282 crore) and Union Bank of India 61 per cent (Rs 8,433 crore). As part of the strategy, the government infused an unprecedented Rs 3,10,997 crore to recapitalise PSBs during the last five financial years -- from 2016-17 to 2020-21.Addae47) eRe SL BUCS nis ardufta aa & sept aor dae err ars 2023 at ware faethe at F 1 TS HAS HH SC HT I TT Re de site sar (Casters A Fa ara a alte seh VET A 2017-18 ¥ 85,390 Hitg BIS BT FT YR MET Tee TS, Ta aa % sat (PSB) 3 2022-23 F 1,04,649 als BAH OTH aT TH ‘diar aet aa eat 21 FT 12 PSB ¥ 2021-22 # sifsta 66,539.98 Fils BA A Ger F Get ar 57 sft At gfe aah Use Code: Y168 for All Live Classes/ MahaPack || For Books/ E-Book/ Mock — Y168sA ddafe47) BUT ee eC Sty es © after & fren 8 got Rea sap site nery GiteiteH) FT YE eT 126 wferaret GAT 2,602 ely VAT ST TAT, FAH Ae FT 100 wert TERT 1,862 Bolg Baa sik Sep sits TSlaT 94 WATT ASH 14,110 HS ST arm © watts, Ate er a, SBI 2022-23 F 50,232 ag wa aT Tis arr aot fear’, ot Rae facta ad Ht gern F 59 afer At gfe setter a Use Code: Y168 for All Live Classes/ MahaPack || For Books/ E-Book/ Mock — Y168sAddale47) Lior Ce aS mLI eos RBI to pay %87,416 crore as dividend to Centre for Financial Year 22-23. ametang farrier at 22-23 & fare de at arate & eH 387,416 BUS BT PTA SVT Use Code: Y168 for All Live Classes/ MahaPack || For Books/ E-Book/ Mock — Y168sDaily Mon to Sat @ 12 PM Reserve Bank of India’s Central Board of Directors approved the transfer of %87,416 crore as surplus to the Central government for the accounting year 2022-23. This is 188 per cent higher than previous financial year’s surplus transfer of 30,307 crore. The board decided to keep the contingency risk buffer (CRB) at 6 per cent (5.50 per cent in FY22). CRB is required to be maintained within a range of 6.5 per cent to 5.5 per cent of the RBI’s balance sheet, comprising 5.5 to 4.5 per cent for monetary and financial stability risks and 1 per cent for credit and operational risks.Addale47) Lior Ce aS mLI eos sande feared sas & Satta Peera tiset 9 crear at 2022-23 & fry THR afte her F 87,416 Hg VAS Seria a HTS A ae tact fara af % 330,307 Hig % afta eat Ft Gert F 188 ‘feta sift 81 ate 3 aranftre siftan ax (CRB) at 6 Bhat (FY22 F 5.50 fee ver ar baer eam CRB @¥ RBI 1 acta ete & 6.5 where & 5.5 wfeera At eter & vee TE TEA FY Sra B, fare chhar sie force feercar sfeait & fore 5.53145 afer sit SoBe sie afcarer Stat & Ferg 1 fer emf B Use Code: Y168 for All Live Classes/ MahaPack || For Books/ E-Book/ Mock — Y168sAddae4i7) Lior Ce aS mLI eos Se atinabetialaeeen) ea For 2023-24 Bank, SSC & Insurance Exam Coe We ee apart Use Code: Y168 for All Live Classes/ MahaPack || For Books/ E-Book/ Mock — Y168sDaily Mon to Sat @ 12 PM