According to the state-run lender, its net loss in the three months through December 2018 widened to Rs 4,738 crore from a net loss of Rs 2,341 crore reported for the same period of the last fiscal year.
However, the lender's net interest income increased by 33.23 per cent to Rs 3,332 crore in the quarter under review from Rs 2,501 crore in Q3FY18.
The bank made provision worth Rs 9,179.48 crore for NPAs during the quarter under review from Rs 4,373.06 crore made during the previous corresponding quarter of 2017-18.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.