SBI posts third straight quarterly loss, bad loan ratio improves
The State Bank of India (SBI) reported a bigger-than-expected quarterly loss on Friday, as country`s biggest lender by assets made higher provisions for treasury losses although its improved bad loan ratio sent its shares higher.
SBI`s third consecutive quarterly net loss came in at 48.76 billion rupees ($707.28 million) for the three months to June 30. Image source: Reuters