Indian banks recorded a combined net profit exceeding ₹1 lakh crore in the December quarter, the first time the sector has crossed that threshold.
Strong net interest income, higher fee income and lower provisioning supported gains across public and private lenders. Asset quality improved as gross non-performing assets eased and recoveries rose, while credit growth remained steady.
Analysts at CareEdge said healthier balance sheets and normalising credit costs drove results, though margins and loan growth will shape future momentum. The performance signals resilience in the banking system amid a stable macroeconomic backdrop.