State Bank of India comes back to profit.

The State Bank of India has once again become profit making. For the 3 months quarter ended in March 2019, the State Bank of India has made a net profit of Rs.838 crore. It must be remembered that, State Bank of India ran into a loss of Rs.7,718 crore in the corresponding quarter of the previous year. State Bank of India went into loss, mainly because of the writing off of the bad loans. The big corporates take loans from the public sector banks and never repay them. The government, instead of making the corporates to repay the loans, write them off. During the last five years, the Narendra Modi government has written off bad loans to tune of Rs.5 lakh crore.