With a big chunk of bad loans written off in FY19, SBI’s outstanding gross non-performing assets (NPAs) declined 23% year-on-year (y-o-y) to \u20B91.72 lakh crore. read more

In a response provided to Pune-based Vihar Durve, the SBI said electoral bonds of Rs 1365.69 crore were sold in March, which shot up by 65.21 per cent in April to Rs 2256.37 crore. read more

The consortium of 26 lenders, led by State Bank which now owns 51 percent in the airline, had invited expressions of interest (EoIs) between April 8 and 12 and had received four preliminary bids. read more

The Indian banking sector has been plagued by record levels of bad loans for years, and state-run lenders including SBI account for the biggest share of the pile. read more

The overall picture emerging from the latest data on bank credit highlights the lack of fundamental reform in the banking sector read more

Amazon Summer Sale 2019: Take a look at these options to add to your skin care routine, that you can get at great prices, thanks to the super exciting summer sale. read more

In a late evening e-mail to the prime minister, the guild also sought government’s directive to “stop de-registration” of the airline’s aircraft, which are now being leased by other domestic carriers. read more

In June 2018, the Directorate of Revenue Intelligence (DRI) arrested Nilesh Parekh, promoter of SGJHIL. read more

Facing severe liquidity crisis, Jet Airways on Wednesday night suspended its operations indefinitely. read more

Faced with delay in payments of salaries and prospect of joblessness, hundreds of airline employees had gathered on Thursday at the Jantar Mantar to voice their concerns and appeal to the government to intervene for revival of the company. read more

Jet Airways, once India’s largest private airline, on Wednesday evening halted all flight operations indefinitely after lenders led by State Bank of India declined to extend more funds to keep it going. read more

After a board meeting Tuesday, the management had authorised chief executive Vinay Dube to make one last appeal to the lenders for an emergency Rs 400 crore funding, and if not the demand is not met, take a final call on the future of the airline We... read more

At present, Jet is operating only 7 aircraft for domestic operations due to the grounding of over 80 per cent of its fleet by lessors owing to non-payment of dues. read more

Jet Airways’ lenders were to meet Monday to decide whether to release crucial funds to keep the stricken Indian carrier flying as it teeters on the brink of collapse. read more

Donors purchased bonds worth Rs 1,407.09 crore of which Rs 1,403.90 crore were in the highest denominations of Rs ten lakh and Rs one crore during the period read more