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ā¢ The September quarter saw a sustained improvement in the performance of PSU banks, with loan loss provisioning falling at the aggregate level.
ā¢ Majority of the sample banks reported a year-on-year drop in nonperforming asset provisioning, with State Bank of India showing the highest decline.
ā¢ The sample banks also showed higher interest income and net profit, but net profit fell sequentially for the second consecutive quarter due to shrinking net interest margins.