Public Sector Banks (PSBs) in India have achieved a significant milestone in the financial year ending March 2023 , their cumulative profit has crossed the Rs 1 lakh crore mark. Which of the following public sector bank registered the highest net profit growth in percentage terms in FY2023 ?
(a) State Bank of India (SBI)
(b) Bank of Maharashtra (BoM)
(c) UCO Bank
(d) Bank of Baroda
Ans.(b)
Sol. According to the financial results analysis, Bank of Maharashtra recorded the highest net profit growth of 126 percent to Rs 2,602 crore in FY23.