SBI posts surprise loss of â¹4,800 crore in June quarter
India's largest lender SBI on Friday posted a surprise loss of â¹4,876 crore for the June quarter as its provisions for bad loans more than doubled to â¹19,228 crore. This is the state-owned lender's third consecutive quarterly loss. The bank's market value fell by over â¹12,000 crore on Friday after its stock declined as much as 4.9%.