A pair of brothers bought 79 acres in Sanand taluka in December 2019, but SBI refused to give 'no-dues certificate' to previous owners. HC pulled up bank for 'harassing people'.
47 of 48 analysts recommend buy and 1 has a hold rating — a ratio of 98% that’s the highest since June 2004. SBI posted a record profit in the latest quarter that beat estimates.
Mallya had filed a renewed application to appeal against UK court orders in the case from last year, which had allowed for an adjournment of bankruptcy proceedings.
SBI’s bad loan ratio fell to 5.28% in September end from 5.44% three months earlier, but the bank warned that it expects further $2.7 billion of loans to sour over next 6 months.
Dinesh Khara, who was one of the SBI MDs handling global banking and subsidiaries, is set to begin his three-year term Wednesday. He succeeds Rajnish Kumar.
While SBI has predicted nearly 11% contraction for the whole year and negative growth in all four quarters, others have also revised already-bleak estimates.
In a plea to SC, lenders said any move to ban bankrupt companies such as Aircel & RCom from selling airwaves, leased from govt, will sink their insolvency resolution process.
HAL is tapping new business opportunities for Light Combat Aircraft Tejas as well as servicing of Su-30 aircraft and Hawk trainer aircraft for the Royal Malaysian Air Force.