SBI reports net profit of Rs 838 crore Mar 2019 quarter; trims bad loan ratio
The state-owned lender had witnessed a web lack of Rs 7,718.17 crore in the course of the corresponding January-March quarter of 2017-18. Read More
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SBI cuts MCLR by 5 bps across tenors
With this minimize, 1-year MCLR has come down to eight.45 % every year from eight.5 %. Read More
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Points of conflict
Why has the Supreme Court docket given an ultimatum to the Reserve Financial institution of India on mortgage defaulters? Read More
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Jet Airways crisis explained in 10 points
As soon as a luxurious air service to close chapter, Jet Airways surprised the nation by touchdown into monetary troubles. The corporate lately introduced that it was below a debt …
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Jet Airways issues gag order, fearing impact on stake sale
The grounded Jet Airways has issued a gag order to its staff advising them to chorus from talking with exterior stakeholders. Read More
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Mallya accuses SBI of wasting Indian taxpayers’ money on UK legal fees
Embattled liquor tycoon Vijay Mallya as soon as once more used social media to reiterate his supply to pay again the debt owed to public sector banks in India, concentrating …
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Lohani may meet SBI chief over leasing of wide-body Jet planes
Weighed down by a mountain of debt and falling income, Jet Airways introduced suspension of its complete operations from Wednesday evening and owns 16 wide-body planes, 10 B777-300ERs and 6 …
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Jet Airways: Lenders reasonably hopeful of successful bidding process for stake sale
A consortium of 26 lenders led by State Financial institution of India (SBI), with 51% stake within the debt trapped airline, has invited bids from potential suitors. Read More
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Jet suspends all flights after banks refuse to release funds
The airline stated the choice follows the lenders refusing to supply a lifeline. Read More
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Jet Airways pilots appeal to SBI for funds, also ask PM to save 20,000 jobs
The airline is working simply 6-7 planes, with virtually its whole fleet being grounded as a result of non-payment of leases to lessors amid extreme paucity of money. Read More
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