Public sector banks lose â¹53,000 crore in March quarter
Government-owned banks have reported losses of â¹53,000 crore for the final quarter of 2017-18, according to data compiled by BloombergQuint. This compares with a net loss of â¹4,302 crore by the banks in the same quarter last year. Of the 17 listed public sector banks which have reported earnings till Friday, only Indian Bank and Vijaya Bank have posted profits.