State Bank of India (SBI) has reported net loss at Rs.7,718 crore for the quarter ended March 31,2018.

The bank had reported Rs.2,814.82 crore loss in the corresponding quarter last year. Bad provisions doubled to Rs.22,096 crore, from Rs.11,740 crore reported for the same quarter last year. NPA provisions stood at Rs.18,876 crore for Decmber quarter.

Net interest income for the quarter rose 10.5% to Rs.19,974 crore in the fourth quarter, as against Rs.18,070.7 crore in the same quarter last year.

Read EquityPandit’s Technical Analysis of SBI Outlook for the Week