SBI reports loss of Rs 7,718 crore in Q4 as NPA provisions jump
State bank of India(SBI) on Tuesday reported a whopping Rs 7,718 crore loss for March quarter, as NPA provisions doubled to Rs 22,096 crore from Rs 11,740 crore reported for the same quarter last year. NPA provisions stood at Rs 18,876 crore for December quarter. The PSU lender had reported Rs 2,814.82 crore loss in the corresponding quarter last year.
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