SBI shares continue to fall; down over 3 per cent

New Delhi: Shares of State Bank of India continued to fall for the second straight session on Monday, dropping over 3 per cent after the lender reported a hefty loss of Rs 4,876 crore for the June quarter.

The stock went down 3.17 per cent to end at Rs 294.80 on BSE. Intra-day, it slumped 4.15 per cent to Rs 291.80. At NSE, shares of the company fell 2.54 per cent to close at Rs 296.70. In terms of equity volume, 24.54 lakh shares of the company were traded on BSE and over 5 crore shares changed hands at NSE.

On Friday also, SBI shares ended nearly 5 per cent lower. In two days, the company's market valuation has slumped by Rs 19,321.16 crore to Rs 2,63,096.84 crore on BSE. The bank had earned a net profit of Rs 2,006 crore in April-June 2017, SBI said in a regulatory filing.