State Bank of India will book Mark-to-Market (MTM) loss of $10 million for erosion in the value of overseas financial investment. This comes on the backdrop of turbulent financial markets where many


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		</script> </DIV><p class='TableClas'>India's largest lender is not into (does not sale) exotic derivative products. The derivatives transaction have underlying and is sold only to its clients. They are likely to book losses between Rs 600-700 crore in 2007-08, State Bank of India chairman O P Bhatt said today.</P>
</p><p class='TableClas'>Nobody has taken SBI to court nor threatened to do on charges of loss incurred on derivative transactions, he said while addressing Federation of India Chambers of Commerce and Industrie

SBI to book $10 mn mark to market loss

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