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Total Net Loss Of Public Sector Banks Topped Rs 87,000 Crore In FY18

Sunday, June 10, 2018, 6:43 PM

Public sector banks collectively suffered a net loss of Rs 87,357 crore in 2017-18, with PNB posting the highest loss of nearly Rs 12,283 crore. Of the 21 state-owned banks, only Indian Bank and Vijaya Bank reported profits during the financial year. All the 21 banks had together reported a net profit of Rs 473.72 crore in 2016-17.

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