Record $1 Billion Loss Signals `Happy Year' for India's SBI
People walk through a State Bank of India branch in Mumbai, India (Photographer: Abhijit Bhatlekar/Bloomberg News)  

Record $1 Billion Loss Signals `Happy Year' for India's SBI

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(Bloomberg) -- State Bank of India, the country’s largest lender by assets, joined its private peers in shrugging off losses as investors believe the lenders have finally got a handle on bad loans.
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