Many banks have suffered losses of Rs 1,000 crore due to cheating in thousands of crores of banks and unpaid loans. The net loss of public sector banks in the financial year 2017-18 was Rs 87,357 crore. Based on the quarterly results of banks, this is revealed.
In the past fiscal year, 19 banks have registered losses in 21 public sector banks. The value of this loss is Rs. 87.357 crore. Only Indian Bank, Vijaya Bank. These two have only made profits. The Indian bank had a net profit of Rs. The net profit of Vijay Bank stood at Rs 1,258.99 crore. 727.02 crores.
The Punjab National Bank is the number one bank among the banks that have suffered losses. The biggest scandal in the PNB this year is known. The scam worth Rs. Over 14,000 crore. PNB Rs 2017-18 in the backdrop of the scam 12,282.82 crores net loss. In the financial year 2016-17, It has a net profit of Rs 1,324.8 crore.
PNB later Rs. IDBI Bank is second with the net loss of Rs 8,237.93 crore. In the previous financial year, the bank had a net profit of Rs. 5,158.14 crore net loss. Country’s largest public sector bank State Bank of India 6,547.45 crore net loss. The SBI is expected to invest Rs. It had a net profit of Rs 10,484.1 crore.