SBI's NPAs touch Rs 1 lakh crore, profit plummets 66%

THE nation's biggest lender State Bank of India posted a massive 66 per cent fall in its net profit in the March quarter, primarily due to higher provisions for bad loans, which jumped to a staggering Rs 1 lakh crore.
SBI's bad loans are nearly four times that of its private sector counterpart ICICI Bank, which had reported non-performing loans worth Rs 26,000 crore at the end...