State Bank of India (SBI) is expected to report a Rs 20.76 billion loss for the March quarter when it announces its results on Tuesday, data from Bloomberg indicates. This will be the second consecutive quarterly loss for the country's largest banker.
SBI had posted a loss of Rs 24.16 billion in the December quarter, its first in nearly 19 years, as the Reserve Bank of India (RBI) asked the bank to reclassify its over Rs 230 billion loans as non-performing assets (NPAs). Provisioning for depreciation of investments also affected the bank's bottom line. High slippages ...
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First Published: Tue, May 22 2018. 01:06 IST
