RRBs earned record profit of Rs 7,571 cr in FY24: Govt tells Rajya Sabha

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RRBs earned record profit of Rs 7,571 cr in FY24: Govt tells Rajya Sabha - Business Standard

Quick Summary:

The key financial parameters of RRBs have improved consistently in past years, he said, adding that the total balance sheet size of RRBs have increased from Rs 7,04,556 crore in 2021-22 to Rs 8,40,080 crore in 2023-24.

"Financial health of RRBs has improved in the recent years as they have posted highest ever consolidated net profit of Rs 7,571 crore during 2023-24.

Also, the RRBs have shown consistent improvement in key financial parameters like CRAR, deposits, advances, NPA, CD ratio etc," Minister of State for Finance Pankaj Chaudhary said in a written reply in the Rajya Sabha.