India’s oil imports from Iran will be affected from end-August as the State Bank of India has informed India’s refiners it will not handle oil deal payments from November, the finance head of Indian Oil Corp said on Friday.
Power Finance Corporation (PFC) is working with the country’s biggest lender, State Bank of India (SBI), and others to resolve
State Bank of India (SBI) is preparing a major debt restructuring and takeover plan for stressed power assets, to improve valuations and attract new owners with incentives and a quick resolution process.
After the Reserve Bank of India’s (RBI) new circular on non-performing asset (NPA), the March 2018 quarter (Q4) performance of public sector banks (PSBs) and private corporate lenders (PCLs), could be disappointing in terms of asset quality and provisioning.
State Bank of India (SBI) has come out with a set of workable solutions to salvage three imported fuel-based power plants in Gujarat — the Mundra units of Tatas and Adani and Essar Power’s Salaya unit
State-owned Power Grid Corp said that it has entered into an agreement with State Bank of India for Rs 5,000 crore term loan for meeting its capital expenditure.
NCLT bench comprising President M M Kumar and Deepa Krishan said that “We accept the appointment of Mr Navneet Kumar Gupta to act as IRP.”
To incentivise passengers to use the online ticket booking system and adopt cashless methods, Indian Railways is set to launch its own co-branded debit card and also hold monthly lottery draw to give 100% cash-back to 10 lucky passengers.
Following the admission of loss-making Bhushan Steel under the Insolvency and Bankruptcy Code (IBC) earlier this year, State Bank of India (SBI) has now referred the company’s subsidiary Bhushan Energy — an unlisted entity — to the National Company Law Tribunal (NCLT).
A consortium of lenders led by State Bank of India has invited bids to sell 51 per cent stake in Jindal India Thermal Power Ltd (JITPL) located in Odisha.