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After due deliberations, the lenders have decided to seek resolution for Jet Airways under the bankruptcy code since only a conditional bid was received, SBI said in a statement. (Photo: AFP/File)

Banks give up on Jet Airways revival,choose to send it to NCLT

The decision was taken after a meeting of the State Bank of India-led consortium of lenders.

17 Jun 2019 6:34 PM

Bank of Baroda reported 2,160 fraud cases (involving Rs 12,962.96 crore), Punjab National Bank 2,047 frauds (Rs 28,700.74 crore) and Axis Bank had 1,944 fraud cases involving RS 5,301.69 crore public money. (Representational Image)

Over Rs 2.05 lakh cr frauds in 11 years: ICICI Bank, SBI and HDFC among top victims

SBI reported 6,793 fraud cases involving Rs 23,734.74 crore followed by HDFC which recorded 2,497 cases involving Rs 1,200.79 crore

12 Jun 2019 3:12 PM

SBI said it would launch repo rate-linked home loans from July 1. More lenders are likely to follow suit, as SBI is the market leader with around 35 per cent of share.

Transmission of RBI rate cut is finally happening

RBI may again ask banks to link loans to repo or G-sec.

10 Jun 2019 4:22 AM

The development comes after the Reserve Bank of India (RBI) in its Monetary Policy statement of June 6 cut the policy rate (repo rate) by 25 basis points.

SBI to offer repo-linked home loans from July 1

According to experts, the new category of home loans linked to repo rate may see quicker transmission.

08 Jun 2019 1:39 AM

SBI to raise Rs 5,000 cr by issuing Basel III-compliant bonds

Shares of State Bank of India closed 3.29 per cent down at Rs 348.55 apiece on the BSE on Wednesday.

30 May 2019 10:23 AM

"We are comfortable...We will be able to pay salaries on time this month," said BSNL Chairman and Managing Director Anupam Shrivastava.

Confident of timely payment of salary for May: BSNL chief

The company has tied up with SBI recently for a Rs 1,500 crore loan to meet its working capital requirements.

27 May 2019 4:17 PM

SBI customers of Delhi, NCR and Uttarakhand can attend this programme in 41 locations, the bank said.

State Bank of India to conduct a customer outreach programme next week

The 'Mega Customer Meet', to be held on Tuesday, is expected to engage with 100,000 customers across 500 locations.

25 May 2019 1:01 PM

The number of debit cards started falling after hitting a high of 998 million in October 2018.

Debit cards down as banks close zero balance accounts

Between October and March, debit cards in circulation declined by 73 million despite banks offering cards to new account holders.

24 May 2019 2:25 AM

Last week, the State Bank of India-led consortium of lenders to Jet Airways said it has received bids from Etihad Airways and from a few unsolicited parties.

Darwin Platform Group, SBI Caps discuss unsolicited bid for Jet Airways

Darwin Platform Group has offered Rs 14,000 crore to acquire Jet Airways, its CEO Rahul Ganpule said.

15 May 2019 2:49 PM

RBI needs to go for larger rate cut in June: SBI report

RBI had cut the key short-term lending rate (repo) by 25 basis points each in its last two policy reviews.

14 May 2019 8:26 PM

Once India’s largest private airline, Jet was crippled by mounting losses as it tried to compete with low-cost rivals IndiGo and SpiceJet Ltd. (Photo: File)

Etihad submits bid for Jet Airways, eyes minority stake

SBI had invited binding bids for a stake in the airline, which is saddled with roughly dollar 1.2 billion in bank debt.

11 May 2019 12:42 PM

The country’s largest lender, State Bank of India, on Friday cut its lending rate by 5 basis points, its second in one month.

SBI cuts loan rates by 5 bps; posts Rs 838 crore income in Q4

Surprissingly, another state-owned lender, Bank of Baroda, announced that it has hiked its MCLR by 0.05 per cent with effect from May 7.

11 May 2019 2:29 AM

For the full year 2018-19, bank reported a consolidated net profit of Rs 3,069.07 crore.

SBI reports net profit of Rs 838 cr Mar 2019 quarter; trims bad loan ratio

The state-owned lender had witnessed a net loss of Rs 7,718.17 crore during corresponding January-March quarter 2017-18.

10 May 2019 2:43 PM

The lender reported a net profit of Rs 3,955 crore for the December quarter against a loss of Rs 2,416.34 crore in the year-ago quarter.

State Bank gets 8 new DMDs and 21 CGMs

Chadha was learnt to have posted earlier in London and has taken charge at SBI Caps more than a month ago.

30 Apr 2019 1:34 AM

National Aviators Guild (NAG) sought to expedite the binding bid date for the Jet Airways stake to "preserve" enterprise value of the airline.

Ask SBI to release one month's salary to Jet Airways staff: NAG to PM Modi

The airline has not paid March salaries to its over 20,000 employees. Jet ceased operations on April 17.

29 Apr 2019 2:07 PM

Jet Airways had received an unsolicited e-mail communication from the British entrepreneur, it said in a filing to the BSE.

British entrepreneur says ready to bid for Jet Airways, asked to contact SBI

Jason Unsworth is the founder and CEO of Atmosphere Intercontinental Airlines.

25 Apr 2019 1:41 PM

The filing came in response to a clarification sought from the airline on reports that the British entrepreneur has offered to take control of Jet Airways.

British entrepreneur advised to formally engage with SBI Caps: Jet Airways

Jet Airways temporarily suspended operations on April 17 as it ran out of cash.

24 Apr 2019 9:10 PM

The employees were holding placards -- 'Hear our cry! Let 9W Fly', 'We have dependents to feed.' (Photo:ANI)

Jet Airways employees hold protest at Town Hall in Bengaluru

Jet Airways employees on Monday held a protest here at Town Hall, appealing the Central government to save the private airline.

22 Apr 2019 8:24 PM

Four entities -- Etihad Airways, TPG Capital, Indigo Partners and National Investment and Infrastructure Fund (NIIF) -- are learnt to have shown interest in picking up stake in Jet Airways. (Photo: AFP/File)

Jet Airways crisis: Lenders keen on non-IBC resolution in case bidding process fails

Running into debt of more than Rs 8,500 crore, Jet Airways has shut down operations temporarily.

21 Apr 2019 11:34 AM

Air India chairman Ashwani Lohani is expected to meet Kumar on Friday to discuss his plans of leasing five Jet Airways' B777s. Air India is keen to launch more international routes and enhance frequencies on the existing ones, said a source.

Air India chairman may meet SBI chief over leasing Jet Airways planes

The SBI-led consortium of lenders are now running the Jet Airways under a debt recast plan.

19 Apr 2019 2:12 PM

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