Gold Silver Reports (GSR) – The result has been that most public sector banks have reported large losses for the quarter ended March 2018. For the 17 listed PSU banks which have reported earnings till Friday, the total net loss stood at Rs 53,000 crore compared with a net loss of Rs 4,302 crore in the same quarter last year. Most banks took some reprieve through tax write-backs which helped reduces losses to some extent.