Indian public sector banks (PSBs) have posted a record Rs 1.29 lakh crore profit in April-December 2022, driven by improved asset quality, strong credit growth, and adequate capital buffers.

The bank's total income rose to Rs 1,28,467 crore in the third quarter of the current fiscal against Rs 1,18,193 crore in the same period a year ago, SBI said in a regulatory filing.