PSU banks witness highest-ever quarterly loss
Public sector banks witnessed their highest-ever quarterly loss, aggregating over ₹12,867 crore in the quarter ended December, courtesy mounting bad loans. Bank of Baroda reported a ₹3,342 crore loss, the highest ever quarterly loss posted by any public sector bank, which was followed by a ₹2,184 crore and ₹1,505 crore loss posted by IDBI Bank and Bank of India respectively.