State Bank of India (SBI.NS)
18 Apr 2019
Wed, Mar 20 2019
* Govt has asked banks to save Jet, no bankruptcy - sources (Adds details from finance ministry source, background)
MUMBAI A consortium of lenders led by the State Bank of India (SBI) should reach a final resolution plan to rescue embattled Jet Airways in the next one week, an SBI official said on Friday.
MUMBAI, March 15 A consortium of lenders led by the State Bank of India (SBI) should reach a final resolution plan to rescue embattled Jet Airways in the next one week, an SBI official said on Friday.
NEW DELHI, March 8 State Bank of India said on Friday it would link savings bank deposits and short term loans to the repo rate of the Reserve Bank of India from May.
March 1 State Bank of India (SBI) confirmed on Friday it had reported fraud totalling 79.51 billion rupees ($1.12 billion) during the first nine months of this financial year.
March 1 State Bank of India (SBI) said on Friday it had reported frauds amounting 79.51 billion rupees ($1.12 billion) during the first nine months of fiscal 2019, mainly due to frauds declared in some large-value accounts.
* Jet says it is working to pay overdue salaries (Adds Jet, Etihad statement)
Feb 25 Jet Airways Ltd's largest lender State Bank of India (SBI) said on Monday media reports on the state-run bank referring the debt-laden carrier to the National Company Law Tribunal (NCLT) to recover loans were "speculative", and that no such decision had been taken.
MUMBAI, Feb 18 State Bank of India, the country's largest public sector lender, currently does not have any headroom to cut deposit rates and thus cannot cut its base lending rate, its Chairman Rajnish Kumar told news channel CNBC TV18 in an interview on Monday.
NEW DELHI/BENGALURU, Feb 14 Jet Airways Ltd said on Thursday that its board had approved a plan by lenders, led by State Bank of India, that will give the debt-laden Indian airline funding crucial for its survival.