Public sector banks' cumulative profit crossed Rs 1.4 lakh crore in the financial year ended March 2024, recording a growth of 35 per cent over the previous year on a high base of Rs 1 lakh crore.The 12 Public Sector Banks (PSBs) together had earned a net profit of Rs Rs 1,04,649 crore in 2022-23.Out of the total profit of Rs 141,203 crore earned during the FY24.
Open FlipPhonePe carries over its dominance in UPI to online bill payments with a 50 percent market share, according to data from BBPS website. The mobile payments company has an identical market share in the country’s most popular digital payments platform UPI. The Bengaluru-based company cornered nearly half of all bill payments in the country by value and volume during the first three months of 2024.
Open FlipThe top five portfolio management services (PMS) have given returns between 17-20 percent in April. Incred Asset Management's Small and Midcap Portfolio has given the highest returns of 20.18 percent in April. It is followed by Prithvi Finmart's Balanced portfolio with a 19.34 percent return in April. Wallfort PMS' Diversified portfolio and Investsavy PMS' Alpha fund have given returns.
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