Tag: SBI
17 Results
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SBI targets 10-12 pc credit growth in FY20 on green shoots of credit revival, better recoveries
Looking forward, the bank is well-positioned on the back of strong business growth, capital and liquidity, and the ability to charge spreads to be in leadership positions, SBI said in its annual report 2018-19. In the financial year ended March 2019, SBI posted a standalone profit of Rs 862 crore and a consolidated profit of Rs 2,300 crore.
June 4, 2019 -
Naresh Goyal, wife deplaned from Emirates flight headed to London
Naresh Goyal had resigned from the company’s board in March following the airline board’s meeting in Mumbai.
May 25, 2019 -
Jet Airways staff knock on Aviation Ministry’s doors
Jet Airways staff from across various departments took out a march on Tuesday in front of Rajiv Gandhi Bhawan that houses the Civil Aviation Ministry.
May 21, 2019 -
Jet Airways’ lenders to get bids verified, open to joint bid
"We will first get all (solicited and unsolicited) bids legally verified and after that we will invite the selected parties on to the negotiating table," a senior banker told IANS in Mumbai.
May 16, 2019 -
Amid crisis, Jet Airways Deputy CEO Amit Agrawal quits, cites personal reasons
The exit comes days after the airline's top executive Gaurang Shetty, considered close to founder Naresh Goyal, resigned from the board of directors.
May 14, 2019 -
Jet Airways shares up 3% on revival hopes
The consortium of 26 lenders, led by State Bank of India, which now owns 51 per cent in the airline, had invited expressions of interest (EoIs) between April 8 and 12 and had received four preliminary bids.
May 10, 2019 -
SBI reports Q4 net profit of Rs 838 cr, asset quality up
The bank's gross NPA stood at Rs 1.72 lakh crore, 8.5 per cent down from Q3. Its net NPA was at 3 per cent, down 94 bps from Q3. Its gross NPA for Q4 stood at 7.53 per cent against 8.71 per cent reported in the corresponding quarter of the previous fiscal.
May 10, 2019 -
Sensex recovers over 200 pts in early trade
The 30-share index was trading 169.69 points, or 0.44 per cent, higher at 38,770.03. Similarly, the broader NSE Nifty was up 38.70 points, or 0.33 per cent, at 11,636.95.
May 7, 2019 -
Delhi HC issues notice to Jet on consumer plea seeking full refund
According to industry estimates, Jet Airway’s total debt stood at Rs 8,000 crore till March 2019 while its pilots and crew had been approaching other airlines for employment.
May 1, 2019 -
Grounding of Jet Airways seems a scam: Congress leader Anand Sharma
"I can smell and see that it is a big scam. Collapse of Jet Airways appears to be a scam which was well thought out and being executed in the name of elections, so that nobody will ask questions."
April 21, 2019 -
Jet situation: Lenders keen on non-IBC resolution in case bidding process fails
Banks are working on a plan B in case things don't progress as expected
April 21, 2019 -
Jet Airways staff facing severe financial crunch
A senior engineer, who has been with Jet Airways for over 15 years now, said that many of his colleagues were facing acute financial difficulties.
April 19, 2019 -
Jet Airways shares in free-fall mode on panic sell-off
Stocks of SpiceJet and IndiGo gained as they are poised to fill in for Jet's lost business by pressing into operations more aircraft. SpiceJet has already declared induction of Boeing 737-800A to increase its ferrying capacity
April 19, 2019 -
DGCA asks Jet Airways to submit ‘concrete, credible revival plan’ to restart operations
The development comes a day after Jet Airways announced to temporarily suspend all flight operations from Wednesday after it failed to get an emergency funding.
April 18, 2019 -
Hours after refusing funds, Jet Airways lenders ‘reasonably hopeful’ of successful bids
Jet Airways’ founder chairman Naresh Goyal has already withdrawn from making a bid for a stake in the company.
April 18, 2019 -
Sensex extends record run, jumps over 200 pts
The rupee appreciated marginally to 69.60 against the US dollar in early trade, RIL up 2 per cent
April 18, 2019 -
Financially stressed Jet Airways suspends operations
Going by the sources in the industry, the company is almost out of funds and is relying only on the negligible funds being infused by lenders on an expense-to-expense basis.
April 17, 2019