- As per the report, The number of branches of private banks went up by 4,023 to 34,342 branches in 2022 as compared to 2021.
- Besides Public sector banks reduced to 86,221 in FY22.
- The Net Profits of the government banks in FY22 went up to Rs 689.79 billion, compared to Rs 331.77 billion in FY21.
- Public Sector banks in FY21, had faced many challenges relating to non-performing assets, subsequent rationalization of branches, and staff retirements.
- All India Bank Employees Association is a unique trade union organisation in the comity of trade unions in the financial sector in particular and middle-class organizations in general.
Question:
Q.1 As per the AIBEA report PSB has seen a reduction in how many branches in 2022?a. 3055 branches
b. 2044 branches
c. 1152 branches
d. 1022 branches
