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State Bank of India (SBI.BO)

SBI.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

National Company Law Tribunal Admits Insolvency Petition Against Jet Airways
3:25pm BST 

June 20 (Reuters) - NCLT::ADMITS INSOLVENCY PETITION AGAINST JET AIRWAYS LTD.INSTRUCTED IRP TO FINISH INSOLVENCY PROCESS FOR JET AIRWAYS IN THREE MONTHS SINCE MATTER IS OF NATIONAL IMPORTANCE.IRP HAS TO SUBMIT FORTNIGHTLY PROGRESS REPORT ON JET.  Full Article

India Tribunal To Pass Order On Jet Airways Insolvency Case At 5 PM On Thursday
7:25am BST 

June 20 (Reuters) - :INDIA TRIBUNAL TO PASS ORDER ON JET AIRWAYS INSOLVENCY CASE AT 5 PM ON THURSDAY.  Full Article

NSE Says Security Of Jet Airways To Be Shifted To Trade To Trade Segment
Wednesday, 12 Jun 2019 

June 12 (Reuters) - NSE SAYS::NSE SAYS SECURITY OF JET AIRWAYS SHALL BE SHIFTED FROM ROLLING SEGMENT TO TRADE TO TRADE SEGMENT.NSE SAYS JET AIRWAYS FAILED TO PROVIDE CLEAR RESPONSES TO CLARIFICATIONS SOUGHT FROM EXCHANGES.NSE SAYS JET AIRWAYS IS 'NOT IN POSITION' TO DECLARE FY FINANCIAL RESULTS.NSE SAYS THERE ARE CONCERNS WITH REGARD TO CONTINUITY OF FLOW OF INFO FROM JET AIRWAYS WHICH IS VITAL FOR APPROPRIATE PRICE DISCOVERY IN SCRIP.NSE SAYS DUE TO ABOVE REASONS TRADING IN SCRIP MAY NOT REFLECT ACTUAL STATUS OF JET AIRWAYS.NSE SAYS W.E.F. JUNE 28, TILL FURTHER NOTICE, JET AIRWAYS SECURITY WILL BE SHIFTED TO TRADE FOR TRADE SEGMENT.NSE SAYS SETTLEMENT WILL HAPPEN ON GROSS BASIS WITH 100% UPFRONT MARGIN & 5% PRICE BAND IN TRADE FOR TRADE SEGMENT.  Full Article

State Bank Of India Says Did Not Declare Any Dividend For FY Ending March
Friday, 10 May 2019 

May 10 (Reuters) - State Bank of India ::NOT DECLARED ANY DIVIDEND FOR FY ENDING MARCH.  Full Article

India's DGCA Says Would Ask Jet Airways For Concrete, Credible Revival Plan To Restart Ops
Thursday, 18 Apr 2019 

April 18 (Reuters) - Directorate General of Civil Aviation, Government of India::INDIA'S DGCA SAYS CONSEQUENT TO JET'S DECISION TO TEMPORARILY SUSPEND OPERATIONS BEYOND APRIL 17, DGCA WOULD TAKE ACTION FOLLOWING DUE PROCEDURE.INDIA'S DGCA SAYS WOULD ENDEAVOUR TO DO ITS BEST TO HELP THE COMPANY REVIVE ITS OPERATIONS WITHIN THE SET REGULATORY FRAMEWORK.INDIA'S DGCA SAYS WOULD BE ASKING JET AIRWAYS FOR CONCRETE & CREDIBLE REVIVAL PLAN TO RESTART SUSPENDED OPERATIONS.  Full Article

Jet Airways Temporarily Suspends Flight Operations
Wednesday, 17 Apr 2019 

April 17 (Reuters) - Jet Airways (India) Ltd ::SAYS JET AIRWAYS ANNOUNCES TEMPORARY SUSPENSION OF FLIGHT OPERATIONS.CO INFORMED BY SBI, ON BEHALF OF THE CONSORTIUM OF INDIAN LENDERS ON TUES, THAT THEY ARE UNABLE TO CONSIDER REQUEST FOR INTERIM FUNDING.AIRLINE WILL NOT BE ABLE TO PAY FOR FUEL OR OTHER CRITICAL SERVICES TO KEEP THE OPERATIONS GOING.WITH IMMEDIATE EFFECT, CO IS COMPELLED TO CANCEL ALL ITS INTERNATIONAL AND DOMESTIC FLIGHTS.LAST FLIGHT WILL OPERATE TODAY.INFORMED DGCA, AND MINISTRIES OF CIVIL AVIATION AND FINANCE AND OTHER RELEVANT GOVERNMENT INSTITUTIONS, OF THIS COURSE OF ACTION.ESSENTIAL SERVICES NEEDED TO SUPPORT GUEST SERVICES AND RE-COMMENCEMENT OF FLIGHT OPERATIONS WILL BE KEPT ONBOARD UNTIL FURTHER NOTICE.WILL NOW AWAIT THE BID FINALISATION PROCESS BY SBI AND THE CONSORTIUM OF INDIAN LENDERS.  Full Article

Jet Airways CEO Writes To Employees And Says Interim Funding Not Forthcoming From Lenders So Far- CNBC-TV18
Monday, 15 Apr 2019 

April 15 (Reuters) - :JET AIRWAYS CEO WRITES TO EMPLOYEES AND SAYS INTERIM FUNDING NOT FORTHCOMING FROM LENDERS SO FAR- CNBC-TV18.JET AIRWAYS SAYS EXTENDED CANCELLATION OF INTERNATIONAL OPERATIONS THROUGH THURSDAY, APRIL 19- CNBC-TV18.  Full Article

India Aviation Secy Says Jet Airways Has Money To Operate Only 6-7 Aircraft Over The Weekend - ET NOW
Friday, 12 Apr 2019 

April 12 (Reuters) - :INDIA AVIATION SECY SAYS JET AIRWAYS HAS SUSPENDED INTERNATIONAL OPERATIONS TILL MONDAY AFTERNOON - ET NOW.INDIA AVIATION SECY SAYS JET AIRWAYS HAS MONEY TO OPERATE ONLY 6-7 AIRCRAFT OVER THE WEEKEND - ET NOW.INDIA AVIATION SECY SAYS NUMBER OF AIRCRAFT TO BE OPERATED BY JET AFTER MONDAY AFTERNOON DEPENDS ON LENDERS' DECISION - ET NOW.  Full Article

India Aviation Secy Says Jet Airways Has Funds To Stay Afloat Till April 15 - TV
Friday, 12 Apr 2019 

April 12 (Reuters) - :INDIA AVIATION SECY SAYS JET AIRWAYS MET BANKERS ON FRIDAY ON INFUSION OF INTERIM FUNDING, WILL MEET LENDERS AGAIN ON MONDAY - TV.INDIA AVIATION SECY SAYS JET AIRWAYS HAS FUNDS TO STAY AFLOAT TILL APRIL 15 - TV.  Full Article

India's Civil Aviation Minister Asks Civil Aviation Secretary To Review Jet Airways' Issues - Tweet
Friday, 12 Apr 2019 

April 12 (Reuters) - Civil Aviation Minister, Suresh Prabhu::DIRECTED SECRETARY OF CIVIL AVIATION MINISTRY TO REVIEW ISSUES RELATED TO JET AIRWAYS, SAYS INDIA'S CIVIL AVIATION MINISTER- TWEET.ASKED SECRETARY TO TAKE NECESSARY STEPS TO MINIMISE PASSENGER INCONVENIENCE AND ENSURE THEIR SAFETY, SAYS INDIA'S CIVIL AVIATION MINISTER - TWEET.  Full Article

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India's bankruptcy court admits insolvency plea against Jet Airways

BENGALURU India's bankruptcy court, the National Company Law Tribunal (NCLT), on Thursday accepted an insolvency petition against Jet Airways Ltd filed by its creditors as they attempt to recover some of their dues.