Last Friday, the government had notified Section 227 of the IBC empowering the RBI to refer financial sector players like NBFCs and HFCs, but excluding banks, with assets worth of at least Rs 500 crore to insolvency courts.
The issue saw a keen fight among banks and separately between the financial institutions and Essar Steel's operational creditors who alleged that ArcelorMittal's winning bid did not meet their dues. ArcelorMittal already won the bid for Essar Steel, having got the NCLT approval for its Rs 42,000 crore bid.
The high court said payments to banks and NBFCs, pursuant to any securitisation or similar agreement, will be allowed. Last month, Justice A K Menon had restrained the Dewan Housing Finance Corporation (DHFL) from making further payments to any unsecured creditors until further orders
India's GDP growth had dipped to about a six-year low of 5 per cent in the first quarter of the fiscal.
State Bank of India (SBI), India's largest public sector bank had revised fixed deposit rates or FD rates by 15 basis points for deposits for one year to less than two years maturity. The bank revised FD rates on account of adequate liquidity in the system. The new FD rates will be effective from today, i.e 10th November.
SBI Apprentice Final Result 2019: SBI has declared the result for the Apprentice Final Exam 2019. Candidates can now check the result on the official website of SBI bank, sbi.co.in.
State Bank of India (SBI) has warned its customers about the fraudsters sending SMS of Income Tax Refund. In order to avoid such fraud in the name of an income tax refund, SBI has asked customers not to click on the link given in any message where they have been asked to submit a request about IT refund.
State Bank of India will auction NPAs worth Rs 700 crore this month to recover its dues from those borrowers. There will be three auctions in the month and the total amount outstanding is Rs 700.34 crore, according to SBI's auction plan.
SBI Clerk Final Result 2019 DECLARED: The State Bank of India (SBI) has declared the SBI Junior Associate Final Result 2019. The exam for junior associates (customer support and sales) was held on August 10 and September 20. Candidates who had appeared for the SBI Junior Associate Main Exam can check their results on official SBI website.
The country's largest lender SBI on Friday reported a nearly six-fold jump in its September quarter consolidated net profit at Rs 3,375.40 crore, prominently aided by a partial stake sale in its life insurance venture.
Banks strike alert! Bank employees unions to go on strike on October 22 against the Centre's decision to merge 10 state-run Public Sector Banks (PSBs) into four. The two unions of bank employees -- All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BEFI) have jointly called for the strike.
SBI PO Final Result 2019: The State Bank of India (SBI) has declared the final result of probationary officer (PO) recruitment exam 2019. Candidates can download their SBI PO allotment letter 2019 here.
SBI Clerk Mains Result 2019 Latest Update: The State Bank of India (SBI) is all set to release the SBI Clerk Mains Result 2019 soon. Candidates can check all latest updates here.
Online Banking Fraud Alert! Online banking has eased customers bank-related work like money transfers. However, every good thing comes at a cost. To protect against online fraud, including phishing, India's largest lender State Bank of India (SBI) suggests customers to be suspicious of any e-mail or text message containing an urgent request for personal or financial information.
Are you SBI customer and have saving account with the bank? Then this news is very important for you as State Bank of India (SBI), India's largest public sector bank is all set to reduce the interest rates on deposits in retail savings accounts from November 1, 2019.
SBI Card, one of the country`s leading credit card issuers, today announced the launch of ‘SBI Card Pay’, a payment feature based on Host Card Emulation (HCE) technology for faster, convenient and more secure card payments using mobile phones.
SBI Account-Aadhaar linking: It is mandatory for customers to link Aadhaar with all savings accounts with the State Bank of India (SBI), India's largest lender. SBI provides you with multiple channels to link your Aadhaar number to your existing account. Here's simple steps to do it online or through ATM.
The country's largest lender State Bank of India (SBI) has revised the minimum balance rules that all customers should know. SBI account holder needs to keep a certain amount of money in their savings accounts or will have to pay a hefty penalty.
Did you know? like credit cards, the State bank of India or SBI debit cards also come with insurance cover. SBI provides different insurance covers up to ₹ 10 lakh to ₹ 50 lakh, depending on the type of your debit card. From SBI Gold to Business card and Master to Visa card, the insurance cover differs.
SBI Clerk Mains Result 2019: The result dates of SBI Clerk Mains 2019, is still under speculation as the State Bank of India hasn't yet announced the date. The confusion regarding the date continues among the candidates as earlier the result was scheduled to release by October first week.
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