SBI Reports Net Loss Of Rs 4,876 Crore In April-June

INSUBCONTINENT EXCLUSIVE:
the year-ago period.Gross bad loans as a percentage of total loans stood at 10.69 per cent from 10.91 per cent in the previous quarter and
9.97 per cent last year.For the January-March, SBI had posted a loss of Rs 7,718 crore, as the country's biggest lender set aside more
provisions for bad loans after a change in banking regulation
The Reserve Bank of India (RBI) had in February this year announced tighter norms, which did away with half a dozen loan restructuring
schemes.