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Sunday, September 29, 2024
TopicSBI

Topic: SBI

SBI chairman says Yes Bank will not be allowed to fail

SBI chairman Rajnish Kumar says he’s certain ‘some solutions will emerge’ to steady Yes Bank, which has been on a prolonged quest to raise new capital.

SBI comes to the aid of India’s distressed real estate developers

SBI will finance both builders & homebuyers, charging developers a premium & offering latter a refund if their apartments are left unfinished.

PMLA court orders liquidation of Vijay Mallya’s Rs 11,000-cr assets to clear debt

An SBI-led consortium of banks is trying to recover Rs 6,205 crore from Vijay Mallya along with compoundable interest since 2013.

Why SBI credit cards could face a Mukesh Ambani challenge

Indian consumers & merchants are thriving on cardless digital credit and Mukesh Ambani with 335 million customers on Jio stands to gain most.

SBI revises full-year GDP growth forecast to 5%, and 4.2% for July-September quarter

The full-year GDP growth forecast is 1.1% lower than SBI’s earlier projection of 6.1%, and one of the lowest predicted by any institution so far.

India’s bad loans crisis is turning into a snatch-and-grab jungle raj

Opportunistic behaviour will worsen India’s Rs 14 lakh crore bad loan crisis & limit the recovery for lenders and threaten depositors.

RBI cracks down — banks fined Rs 109 cr this year, up from Rs 96 crore in 2018

The penalties imposed on commercial banks by RBI in the first seven months of this calendar year are 395 per cent higher than the total for 2017.

SBI-led bank lenders warn of risks to India from Essar Steel sale approval

Banks are opposed to certain terms of the Essar Steel sale, which, they say, could lead to higher lending rates, further affecting India's credit woes.

Insolvency plea against Jet Airways — here’s what lies ahead for the airline

NCLT, which will hear insolvency plea against Jet Airways today, was approached by consortium of lenders to recover their dues of over Rs 8,500 crore.

Broke Air India mortgaged land worth Rs 3,775 crore — land that belonged to someone else

The land, two prime plots in New Delhi, was loaned to Air India by the housing ministry. It is now locked with a consortium of 19 banks led by SBI.

On Camera

Drop that cigarette. Smokers are twice as likely to develop skin cancer compared to non-smokers

A noticeable effect of smoking is premature aging. Studies indicate that the skin biopsy of a 40-year-old heavy smoker can resemble that of a 70-year-old non-smoker.

10 yrs ago, battery leasing failed to boost demand for EV cars in India. Now, it’s making a comeback

Under this model, battery is provided to EV owners on a subscription basis or lease. With more people open to buying EV cars, the lower upfront cost could likely drive wider acceptance.

Morocco signs pact with Tata for joint manufacture of WhAP Infantry Fighting Vehicle

The armoured platform is India's first amphibious infantry combat wheeled vehicle. Last year, the Royal Moroccan Armed Forces had procured 90 military trucks from the Tata Group.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?