Profit hit by depreciation of the value of government bonds: Rajnish Kumar, Chairman, SBI

Rajnish Kumar, Chairman, SBI, feels that the profit in the current quarter of July-September would be contingent on the NCLT approving a resolution of one large account. In an exclusive interview with Zee Business, Kumar said the bank is planning to sell 4 per cent stake in its general insurance subsidiary, SBI General Insurance this financial year.

Profit hit by depreciation of the value of
State Bank of India (SBI) on Friday reported a surprise loss for the third straight quarter. The bank incurred a net loss of Rs 4,876 crore during the quarter ended in June 2018. Image source: Zee Business

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