India’s banking sector is attracting the attention of both local and foreign investors as it remains healthy despite challenges faced by the banking sectors of developed economies like Europe and the US. According to analysts, the sector post-COVID-19 has experienced strong growth and a significant reduction in bad loans and provisions, particularly among public sector banks. These banks have been focussing on cleaning their balance sheets by reducing their NPAs and reporting huge profits. In FY23, all banks reported profits, even reaching historic highs, making them a favoured investment opportunity.