business

Most of banks' losses have been taken care of by RBI: OBC

In an interview to CNBC-TV18, SL Bansal, CMD, Oriental Bank of Commerce said that before July 15 most of the banks were sitting on reasonable profits, then the yields started moving northwards and banks were sitting on the huge losses. However, now most of the losses have been taken care of by RBI's decision on Tuesday.

first published: Aug 21, 2013 03:00 pm