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Associate banks of State Bank of India (SBI) have sequentially reduced losses to Rs 787 crore in the third quarter ended December 2016 from combined loss of Rs 3,096 crore in the second quarter ended September 2016.
In the third quarter of last year (FY16), associate banks had booked loss of Rs 182 crore. SBI is slated to announce results for third quarter of FY17 on February 10, 2017.
The five associate banks had booked heavy combined loss in Q2 of the second quarter (September 2016), on a sharp rise in provisions for stressed loans. This was an outcome
