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SBI reports alarming loss in Q1 results

Aug 11, 2018 21:04 IST

India's largest lender State Bank of India reported a massive loss of Rs 4,876 crore in its first quarter for the financial year 2018-2019. According to Thomson Reuters, the loss was much larger than estimated Rs 171 crore. The net loss was attributed to non-performing assets or bad loans.

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