Tag: State Bank of India

Jet Airways is grounded as consortium of lenders refuse to fund critical services

Newsroom24x7 Network Mumbai: Late night this past Tuesday 16 April 2019, Jet Airways was informed by the State Bank of India (SBI), on behalf of the consortium of Indian Lenders, that they were unable to consider its request for critical interim funding. Since no emergency funding from the lenders or any other source was forthcoming,

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SBI announces financing of rooftop solar projects worth Rs. 400 crore with private developers

Newsroom24x7 Network New Delhi: The State Bank of India (SBI) today announced financing of rooftop solar projects worth Rs. 400 crore, with private developers. This would add at least 100 MW of rooftop solar capacity to the grid, and is a significant step towards meeting the Government of India’s target for 40 GW of rooftop

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SBI’s core capitalisation to improve in the financial year ending-March 2017

Newsroom24x7 Staff Singapore/Mumbai: Fitch Ratings expects SBI’s core capitalisation to improve in the financial year ending-March 2017 (FY17), from a core equity Tier 1 ratio of 10.3% at end-September 2016. SBI is likely to receive around USD835 million in new capital from the government shortly (of the total USD1.1 billion earmarked for FY17; around 5%

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CBI arrests former MD of a Bhopal based company in a bank fraud case

Newsroom24x7 Desk Bhopal: The Central Bureau of Investigation (CBI) has arrested a former Managing Director of a Bhopal based firm for causing a loss of over Rs. 3.63 crore to State Bank of Indore. The CBi had registered a case on March 11, 2005 against a Senior Maneger of State Bank of Indore, MP Nagar Branch,

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French authority slaps Euro 300,000 fine on SBI

Newsroom24x7 Exclusive Lalit Shastri Commission des sanctions (Commission of Sanctions) of France has held State Bank of India Paris guilty of large scale irregularities over a prolonged period in management of accounts, banking functions and more particularly unreconciled entries and insufficient control on daily entries and consequently the bank has been slapped a fine of Euro

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