SBI suffers massive loss, but investors laugh all the way to the bank; here is why
SBI's standalone net loss came in at Rs Rs 7,718.17 crore for the March quarter. The bank had reported a net profit of Rs 2,814.82 crore in the corresponding period of 2016-17. Sequentially, the loss widened from Rs 2,416.37 crore in the third quarter ended December 2017.
SBI share price settled at Rs 254.15, up 3.7 per cent. Image source: Reuters