SBI, PNB’s billion-dollar losses only tell half the sorry tale of PSU banks

State Bank of India, the country's largest lender, earlier this week reported its highest-ever quarterly loss of more than Rs 7,700 crore (around $1.1 billion).Just days before that, fraud-hit Punjab National Bank had reported losses nearly twice that amount at Rs 13,400 crore - the worst-ever quarterly result for an ......