Business Standard

SBI Home Finance losses increase 4.69%

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BS Reporter Mumbai

Kolkata-based SBI Home Finance has reported 4.69 per cent increases in loss.

In a statement issued, the company reported a loss of Rs 5.37 crore this quarter on account of liabilities.

There were no revenues reported as the company has stopped all its operations and is not a going concern.

It reported other income of Rs 7.23 lakh that were on account of fixed deposits with various banks.

SBI Home Finance also said that it has received a notice from the State Bank of India claiming payment of the entire loan dues. The case in currently at the Calcutta High Court. The extent of dues were not revealed.

 

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First Published: Jan 14 2009 | 5:01 PM IST

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