Public Sector Banks (PSBs) in India have recorded their highest-ever aggregate net profit of ₹1.41 lakh crore for FY 2023-24, reflecting a significant turnaround in the sector. The Gross Non-Performing Assets (GNPA) ratio dropped to 3.12% by September 2024, showcasing improved asset quality. PSBs have also paid ₹61,964 crore in dividends over the past three years, underscoring their financial health. Additionally, their efforts in financial inclusion have expanded access to banking, with significant contributions through government schemes and initiatives.