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There were media reports that Etihad has approached the SBI to purchase its 24 per cent stake in the airline.

Lenders propose to revive Jet Airways by management change: source

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.

21 Mar 2019 11:02 AM

Lenders to make every effort to keep Jet Airways flying: SBI

Pilots union of Jet Airways had threatened to stop flying from April 1 if their salaries are not paid by Mar 31.

20 Mar 2019 4:39 PM

Shares of SBI were trading 0.74 per cent lower at Rs 295.50 apiece on BSE.

SBI central board to meet later this week for extension of capital raising timeline

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

The Jet Airways board had on 14 February approved a bailout plan whereby the lenders led by the State Bank of India (SBI) would become the largest shareholders in the airline by converting the airline's debt into equity at a nominal price of Re 1. (Photo: File | AP)

Jet Airways grounds its operations in Abu Dhabi Airport

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 market valuation of RIL zoomed Rs 35,500.21 crore to Rs 8,38,355.65 crore. HDFC Bank's market capitalisation (m-cap) jumped Rs 33,724.93 crore to Rs 6,12,846.54 crore and that of Kotak Mahindra Bank surged Rs 16,676.22 crore to Rs 2,52,871.75 crore. (Photo: File)

Eight of top 10-cos add Rs 1.4 lakh cr in m-cap; RIL, HDFC Bank shine

During the past week, Sensex surged 1,352.89 points or 3.68 per cent to close at 38,024.32 on Friday.

17 Mar 2019 2:00 PM

The NCLT case filing got delayed due to collection of invoices from all BSNL circle offices. (Photo: File)

BSNL to approach NCLT this week against RCom to recover Rs 700 cr

BSNL has already invoked bank guarantee of around Rs 100 crore submitted by RCom for default on payments, said sources.

17 Mar 2019 1:19 PM

Reliance Communications has filed an appeal before NCLAT to direct SBI to release income tax refund of Rs 259.22 crore.

RCom-Ericsson case: NCLAT declines to direct SBI to release Rs 259 cr

Apex court has asked RCom group to pay Rs 453 crore in four weeks, by March 19, failing which Ambani will have to go to jail.

16 Mar 2019 10:51 AM

Hearing on properties of Vijay Mallya deferred

The State Bank of India (SBI) and other lenders have sought the restoration of properties, saying they are interested parties in the property.

14 Mar 2019 2:59 AM

The bank is looking to sell all the accounts on a 100 per cent cash basis to banks, ARCs, NBFCs and other financial institutions, according to the auction notice on the SBI's website on Tuesday.

SBI to auction Rs 2,338 cr worth NPAs on March 26

SBI said except Mittal Corp and Shree Vaishnav, other auctions will be conducted under the Swiss Challenge method on March 26.

12 Mar 2019 5:09 PM

In a first, SBI links pricing of loans, deposits to repo rate

The repo rate is currently at 6.25 pc after the Feb 7 review where the central bank surprisingly lowered the repo rate by 25 bps.

09 Mar 2019 12:17 PM

HDFC Bank, HUL, HDFC and Kotak Mahindra Bank saw losses on the other hand. (Photo: File)

Five of top 10 firms together add Rs 35,503 crore in m-cap last week

Tata Consultancy Services (TCS) topped the chart among the gainers.

03 Mar 2019 10:33 AM

The airline was also forced to ground another six planes on Thursday due to non-payment of dues to lessors. (Photo: File)

Jet Airways founder agrees to step down, sources say; shares rise

Shares of Jet rose as much as 7 per cent in early trade on Friday.

01 Mar 2019 1:27 PM

Shareholders of the airline have approved conversion of loans into equity and other proposals last week. (Photo: File)

Jet Airways, Etihad Airways say Jet will re-emerge as viable, robust airline

Jet Airways has been grappling with financial woes and is looking to rejig debt as well as raise funds.

25 Feb 2019 7:44 PM

A consortium of banks, led by the SBI, has extended loans to Jet Airways, which is looking to rejig debt and raise funds.

Jet Airways shares fall 3 pc on reports of SBI mulling moving NCLT against airline

Shareholders of Jet Airways had approved conversion of loan into shares and other proposals during the extraordinary general meeting.

25 Feb 2019 3:30 PM

Saddled with a billion dollars in debt, Jet has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.

SBI says reports of taking Jet Airways to NCLT ‘speculative’

Reports earlier said SBI was mulling moving the NCLT to recover its loans from Jet Airways.

25 Feb 2019 2:07 PM

SBI has decided to replace only 75 per cent of its retiring workforce over a five-year period.

Automation has SBI leaving 25 pc retirement vacancies open for tech

State Bank Group has got close to 28 lakh job applications for 8,000 clerical jobs in the last two years.

24 Feb 2019 3:31 PM

The plan will mean the lenders will have a bigger holding than any other shareholder. (Photo: File)

Shareholders of Jet Airways approve debt-for-equity swap

Jet’s board last week approved a plan by lenders, led by State Bank of India, for an equity infusion, debt restructuring and the sale.

23 Feb 2019 4:02 PM

As per the Scheme of Amalgamation, shareholders of Vijaya Bank will get 402 equity shares of BoB for every 1,000 shares held. (Photo: File)

Merger of Vijaya Bank and Dena Bank with BoB to be effective from Apr 1

This scheme may be called the Amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda Scheme, 2019, BoB said.

21 Feb 2019 2:12 PM

The report stated, Vijaya Bank had seen a sharp rise in write offs i.e 243 times y-o-y to Rs 487 crore in Q3FY19, followed by IDBI, which experienced a 4,783 per cent y-o-y increase in write offs to Rs 562 crore in Q3FY19. (Photo: File)

SBI writes of Rs 10,000 as bad loans; 19 PSBs totalling Rs 41,000 as bad loans

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

Over the last week, the Sensex dropped 737.53 points, or over 2 per cent, to close at 35,808.95 on Friday. (Photo: Twitter)

Nine of top-10 most-valued firms suffer combined erosion of Rs 98,863 cr in m-cap

ITC was the only gainer from the top-10 list.

17 Feb 2019 11:47 AM

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Anita Katyal