Net profit of India's public-sector banks (PSBs) nearly trebled over the past five years to a record Rs 1.98 trillion in 2025-26 (FY26), driven by a sharp improvement in asset quality and sustained lending growth across key sectors of the economy, the finance ministry informed Parliament on Tuesday. Significant Financial Health Improvement "The financial health of PSBs has shown significant improvement, with healthy balance sheets, historically high profits, and a multi-decadal low level of gross non-performing assets (GNPAs)," Minister of State for Finance Pankaj Chaudhary said in a written reply to a question in the Rajya Sabha.