Friday, August 10, 2018

Q1 results : Shocker from SBI, stock loses 5%

SBI has reported a net loss of Rs 4,876 crore for the quarter ended June as its provisions for bad loans rose by more than 70 percent year on year.

The lender's bottom line was also weighed down by lesser other income, which fell to Rs 6,679 crore.

SBI Shares were down almost 5% as of now, with huge volume. More than 10 Cr shares are traded on NSE.

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