Best year for Indian banks, but there are new challenges

As we celebrate the banks' performance in FY22, let's not throw caution to the wind

The Indian banking industry has never had it so good.

The collective net profit of listed banks for FY22 is Rs 1.57 trillion, the highest in history.

HDFC Bank Ltd tops the list at Rs 36,961 crore, followed by State Bank of India (Rs 31,676 crore), ICICI Bank Ltd (Rs 23,339 crore) and Axis Bank Ltd (Rs 13,025 crore).

There are at least four more banks posting net profits of over Rs 5,000 crore. They are Kotak Mahindra Bank Ltd (Rs 8,573 crore), Bank of Baroda (Rs 7,272 crore), Canara Bank (Rs 5,678 crore) and Union Bank of India (Rs 5,232 crore). Only