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.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app