State Bank of India suffers investment loss

17 Mar, 2008

State Bank of India, India's largest bank, has suffered a loss of 10 million rupees ($250,000) in the overseas credit derivatives market, the Sunday Business Standard newspaper said on Sunday.
The newspaper quoted India's junior finance minister Pawan Kumar Bansal as saying the state-run bank's loss came from investments being marked to market and it was a notional loss.

Read Comments