No public sector bank faced loss in last three quarters, says govt

No plan to set up fiscal council: FinMin

No public sector bank (PSB) has faced any loss in the April-December period of the current fiscal year, and clocked a collective net profit of Rs 48,874 crore during this period, the government said in Parliament on Tuesday.

“No PSB has suffered losses in the current financial year up to December 31, 2021. During the said period of the first three quarters of the current financial year, all the PSBs have registered net profit of Rs 48,874 crore,” Minister of State for Finance Bhagwat Karad said in a reply in the Rajya Sabha.

Responding to a query on profit earned by PSBs