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India's public sector banks have spearheaded a remarkable turnaround, driving the banking sector to record profits of Rs 3.71 lakh crore. Fueled by increased lending income and reduced NPAs, PSU banks saw a 26% profit surge, nearing private banks' earnings.
Duty cut in crude edible oils set to help processors as duty difference with refined oils rises to 19.25%
This release is in addition to the regular monthly instalment of tax devolution of ₹81,735 crore, which will be released on June 10, 2025
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