State Bank of India

Lenders to cash-strapped Jet Airways (India) are set to take control of the company under a proposed resolution plan that will see conversion of debt into equity at a token value of Re 1.

State-owned State Bank of India (SBI) and Oriental Bank of Commerce (OBC) have put on sale various financial accounts to recover dues of around Rs 5,740 crore.

Within a day of RBI reducing repo rate by 25 basis points, the country’s largest lender State Bank of India announced a cut in interest rates by 5 basis points on its home loans up to Rs 30 lakh.

Lending major State Bank of India (SBI) has rebutted reports that data of its customers got leaked. “In the incident that has been highlighted, the investigation has revealed that SBI’s servers remained fully protected”.

Crisis-ridden Jet Airways has decided to cancel 15 flights on Wednesday following grounding of six Boeing 737 planes due to non-payment of lease rentals, according to sources.

Debt-laden Jet Airways said on Monday it would seek shareholder approval next month to convert existing debt into equity, part of efforts by the airline to resolve its financing problems.

The State Bank of India (SBI) has released notification inviting applications for several positions on contractual basis.

State Bank of India (SBI) on Wednesday moved to recover loan outstandings of Rs 405 crore from absconding diamantaire Mehul Choksi, his family and companies.

State Bank of India has decided to sell its loans in Essar Steel as it could see a spurt in provisioning for bad loans and erosion in capital base if the steel maker’s insolvency process gets delayed further.

State Bank of India’s (SBI) decision to sell its Essar Steel debt does not “augur well” for public sector banks, a senior finance ministry official said.