Five PSU banks post loss of ₹2,564 crore in Q1
According to reports, five public sector banks including Allahabad Bank, Maharashtra Bank, and Dena Bank, on Saturday posted a combined loss of ₹2,564 crore amidst rising bad loans in the quarter ended June. Notably, Bank of India reported the highest loss of ₹741.3 crore in the group, followed by the Central Bank of India which registered a ₹600 crore loss.