BusinessSBI Slammed Again! This Time For An Advertisement
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SBI Slammed Again! This Time For An Advertisement
SBI today put out full-page ads to announce 5 million Facebook "likes"
SBI was criticised for wasting money as it is struggling with bad loans
SBI reported a 62 per cent drop in Q3 profit
SBI claims to be the world's most 'followed' bank on Facebook
State Bank of India, which came in for criticism last week for being late in taking action against Kingfisher Airlines, was slammed on micro-blogging site Twitter today for putting out full-page newspaper advertisements announcing the milestone of 5 million Facebook "likes".
The advertisement comes at a time when state-run banks are under severe strain on account of rising bad loans. Non-performing assets, or bad loans, of public se...