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State Bank Of India Sbi
Business  /  Published 15.02.19

Rights issue on Jet Airways revival radar

Crisis-hit Jet Airways may come out with a rights issue that could see the participation of promoter Naresh Goyal and Etihad.The board of the full service carrier had approved a bank-led resolution pl...
By Our Special Correspondent in Mumbai

Business  /  Published 14.02.19

Lenders to hold majority Jet stake

Lenders will get a majority stake in Jet Airways as they convert their debt into equity to revive the crisis-hit airline, which has a funding gap of over Rs 8,500 crore.Banks led by the State Bank of ...
By Our Special Correspondent in Mumbai

Business  /  Published 01.01.20

Banks allowed to utilise Mallya's movable assets to clear debt

A special court in Mumbai has permitted a consortium of 15 banks led by the State Bank of India (SBI) to utilise movable assets of former liquor baron Vijay Mallya towards repayment of his debt.The as...
By PTI in Mumbai

Business  /  Published 28.01.19

Jet to seek nod for debt-equity swap

Jet Airways will seek shareholder approval to convert existing debt into equity as it explores ways to get out of a financial crunch.The full service airline will seek a green light from shareholders ...
By Our Special Correspondent in Mumbai

Business  /  Published 05.01.19

Jet Airways seeks fresh loan

Debt-laden Jet Airways is close to reaching a deal with the State Bank of India for a fresh loan of Rs 1,500 crore to meet its working capital needs, two sources aware of the matter said.The airline h...
By Reuters in New Delhi

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Business  /  Published 09.12.19

State Bank of India cuts home loan rates

The State Bank of India (SBI) on Monday cut the one year marginal cost of funds based lending rate (MCLR) by 10 basis points.Most of the home loans disbursed under the MCLR regime are benchmarked to t...
By Our Special Correspondent in Mumbai

Business  /  Published 20.12.18

Energiser for weak PSU banks

The government on Thursday brought a supplementary demand for grants of Rs 85,949 crore before Parliament, including Rs 41,000 crore to recapitalise weak state-run banks so that they can be brought ou...
By Our Special Correspondent in New Delhi

Business  /  Published 22.11.18

Oil fall raises duty hike spectre

The government is planning to garner the windfall benefits of a slide in global crude prices by hiking excise duty to shore up its revenue to meet a shortfall in receipts from divestment and GST colle...
By R. Suryamurthy in New Delhi

Business  /  Published 15.06.20

Sensex tumbles over 300 points

Equity benchmark Sensex tumbled over 300 points in early trade on Monday dragged by losses in financial stocks amid weak cues from global markets and persistent foreign fund outflow.After touching a l...
By PTI in Mumbai

Business  /  Published 29.04.19

Staff offers to take over Jet Airways

A group of Jet Airways employees have thrown their hat into the ring to acquire a majority control of the grounded airline.They have written to the lenders consortium, led by the State Bank of India (...
By Our Special Correspondent in Mumbai


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