The State Bank of India has reported a net loss of Rs.4,876 crore for the first quarter of this financial year (for the period from April to June 2018). In the corresponding period of 2018, State Bank of India earned a net profit of Rs.2,006 crore. The reason behind the State Bank of India going into loss is bad loans. It is very important to note that during the period from April to June 2018, the State Bank of India has reported bad loans to the tune of Rs.26,249 crore. Most of these bad loans are related to the big corporates. It is not only the State Bank of India. Most of the government banks have gone into loss, because of these bad loans. Thus, public money, to the tune of lakhs of crores of rupees is being looted by the corporates. The government helps the corporates by writing off the bad loans of government banks.