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SBI Reported 862 Crore Profit. It Was Actually A Loss Of 6,968 Crore
Divergence in assessment of bad loans compared with RBI figures: SBI Gross bad loans as reported by SBI were at Rs 1,72,750 crore in 2018-19 According to RBI report, SBI's gross NPAs were at Rs 1,84,682 crore
10 Dec 2019, 05:15 PM IST 
SBI: Gross non-performing assets as assessed by RBI came in at Rs 1,84,682 crore.
State Bank of India (SBI), the country's largest lender by assets, under-reported bad loans or non-performing assets (NPAs) worth Rs 11,932 crore for financial year 2018-19. After taking into account divergence in NPAs and provisioning, SBI said its net notional loss stood at Rs 6,968 crore in 2018-19. SBI had in May this year reported a net profit of Rs 862 crore for the period. Market regulator Sebi mandates banks to disclose any d...
