SBI posts a quarterly loss for first time in 17 years
India's largest lender State Bank of India (SBI) on Friday reported a loss of â¹2,416.4 crore for the December quarter, marking its first quarterly loss in at least 17 years. The bank had reported a standalone profit of â¹2,610 crore in the corresponding quarter last fiscal. The bank's net interest income during the quarter rose to â¹18,688 crore.