India's public sector banks (PSBs) have collectively reported a record net profit of Rs 1.78 lakh crore in the financial year ended March 2025, marking a robust 26% year-on-year increase. This performance is a far cry from the staggering losses of Rs 85,390 crore reported in FY18 and reflects a significant turnaround driven by strategic reforms, recapitalisation efforts, and improved governance. The State Bank of India led the charge, contributing over 40% of total earnings.