The executive committee of the central board will take decision in this regard on April 24, SBI said in a regulatory filing.
18 Apr 2019 7:36 PM
Investors punished Jet shares on Thursday, driving them down 34 per cent in their biggest intraday fall.
18 Apr 2019 5:38 PM
Jet’s fate will depend on a viable solution being found, and a quick revival of airline operations that will be a win-win for all parties concerned.
18 Apr 2019 12:14 AM
The airline said the decision follows the lenders refusing to offer a Rs 400-crore lifeline.
17 Apr 2019 7:43 PM
The transaction has helped the government meet its disinvestment target of Rs 80,000 crore for the current financial year.
28 Mar 2019 2:30 PM
In series of tweets reacting to banks taking over management control of troubled Jet, Mallya said, 'Only wish same was done for Kingfisher'.
26 Mar 2019 9:56 AM
The bonds carry a coupon of 9.45 per cent payable annually with call option after five years.
23 Mar 2019 1:59 AM
SBI Chairman, Aviation Secretary and Principal Secretary to the PM met Finance Minister on Wednesday.
21 Mar 2019 1:01 AM
In December SBI shareholders approved its plans to raise up to Rs 20,000 cr through various modes including FPO, to fund growth.
18 Mar 2019 2:22 PM
Jet Airways has a debt of over Rs 8,200 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.
18 Mar 2019 11:23 AM
The grounding of nearly one-quarter of the airline’s fleet has led to cancellation of hundreds of flights and complaints from customers.
08 Mar 2019 1:03 PM
The banks had written off loans valuing just Rs 33,259 crore in Q2FY19, hopping 24 per cent y-o-y.
20 Feb 2019 4:20 PM
The programme, christened Nayi Disha or the new path, focuses on work-life balance and also involves the staffs immediate family members.
17 Feb 2019 11:07 AM
One basis point is one hundredth of a percentage point.
09 Feb 2019 2:15 AM
On the bank’s digital push, the chairman said, some 85 per cent of its entire transactions take place outside branches.
05 Feb 2019 10:37 AM
SBI had secured an unprotected server that could have allowed anyone to access information on millions of its customers.
03 Feb 2019 10:34 AM
Jet Airways is close to reaching a deal with State Bank of India for a fresh loan of 15 billion rupees.
05 Jan 2019 10:37 AM
The bank has been favoured due to its ability to raise large amount of funds.
24 Dec 2018 10:18 AM
The new rates ranging from 5 to 10 bps are applicable for deposits below Rs 1 crore and are effective immediately.
29 Nov 2018 12:09 PM
India’s banks have been plagued by a surge in non-performing loans which hit a record USD 150 billion at the end of March.
12 Oct 2018 5:23 PM