 "News Digest")
State Bank of India posts record loss of Rs 77 bn in Q4; stock rises 3.7%
The country’s largest lender, State Bank of India (SBI), posted its highest-ever net loss of Rs 77.18 billion for fourth quarter ended March 2018 (Q4) as asset quality worsened and it made large provisions for bad loans. Read more
Petrol, diesel excise duty may be cut Rs 2-4/litre; PMO to take final call
The Prime Minister’s Office (PMO) will take a final call on a cut in the excise duty on petrol and diesel, according to senior officials, with surging fuel prices creating ripples among
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