SBI posts surprise loss in Q1 due to treasury losses - Economic Times

RBI increased its benchmark repo rate for third time within four months on Friday as it reiterated its commitment to bring inflation down below its outer limit of 6%.The large investment losses overshadowed an otherwise solid performance with a loan growth of…

() reported a surprise 7% fall in net profit year on year due to a huge hit on the market value of the bank's government bond investments as yields rose during the quarter.Net profit fell to Rs. 6,06… [+3228 chars]

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