SBI mulls NCLT route to recover loans from ailing Jet Airways

To recover its loans from Jet Airways, state-run lender SBI is mulling moving National Company Law Tribunal as it feels the airline is running out of funds for operations, even as shareholders of the debt-laden carrier have approved a debt rejig plan, officials said. Continue Reading

RBI rate hike a ‘win-win’ situation for markets, banks: SBI report

The Reserve Bank of India’s (RBI) decision to raise the repo rate by 25 basis points (bps) to 6.50 per cent is a ‘win-win’ situation for both markets and the banks as inflation is expected to rapidly decelerate to sub-five per cent in coming months, suggests the report from the Economic Research Department of State Bank of India (SBI). Continue Reading