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Business Headlines: Did SBI hide losses of about ₹ 10,000 crores ?


An expose by Moneylife suggests that SBI has overstated its profit by as much as ₹ 9,500 crore over three years between F.Y. 2012-13 & 2014-15. And what’s even worse is that RBI fought tooth and nail to sweep this matter under the carpet. Star Sports, the official broadcaster of the ICC Cricket World Cup was in for a rude shocker the day tournament favourites India surprisingly crashed out of the World Cup. Its advertising revenue took a hit, as last minute advertisers are not willing to pay as much. #SBI #WorldCup #StarSports

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