Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
India's largest bank SBI bets $5 billion against rupee, to face losses after RBI crackdown: Report
short by Medhaa Gupta / on Tuesday, 7 April, 2026
India's largest bank SBI is estimating losses of about $32 million (nearly ₹300 crore) after its bets worth $5 billion (over ₹46,400 crore) against the rupee were affected by the RBI's crackdown, Bloomberg reported. The losses, however, will be "manageable" as the bank has assets worth around $800 billion (over ₹74,32,000), sources said. RBI had capped banks' forex rupee positions.
read more at CNBCTV18