In a fresh twist to Jet Airways’ road to resolution, chairman Naresh Goyal has offered to invest up to Rs 700 crore in the carrier under the condition that his stake should not fall below 25 per cen...

Lenders to Naresh Goyal-controlled Jet Airways, the troubled full service airline that missed a December 31 deadline to pay its dues, met here on Wednesday to consider a resolution plan even as specul...

The fate of Jet Airways and its 20,000 employees continued to hang in the balance as a consortium of lenders on Monday dithered on providing emergency funds to the airline.The Jet board will meet on T...

Liberty House Group, the UK-based conglomerate led by Sanjeev Gupta, has failed to buy another stressed asset from India’s bankruptcy court within the stipulated time.The National Company Law Appell...

External benchmarkSBI had earlier announced that some of its loans and deposits will be linked to the repo rate from May 1.Saving bank deposits with balances of over Rs one lakh and short-term loans w...

 Nonagenarian teacher Dimbeswar Baruah has urged big business houses to come forward in recognising and honouring educationists, who toil ceaselessly for the uplift of society without ever coming...

The State Bank of India (SBI) on Monday announced that it will adopt the repo rate as the benchmark for all floating rate loans to MSMEs and for home and retail loans from October 1.This move comes af...

In a first for India, British banking major HSBC has executed a trade finance transaction involving an export by Reliance Industries to an American client using the blockchain, which massively reduced...

State Bank of India (SBI) has raised the spread, or the risk premia, on its floating rate home loans that are linked to the repo rate, pushing up the effective rates on these loans even as it reduced ...

The country's largest lender SBI has decided to extend the RBI-approved moratorium to the cash-strapped NBFC sector to help them tide over the crisis, its MD Dinesh Kumar Khara said on Thursday.The RB...