State bank of india

SC orders liquidation of Jet Airways liquidation

NEW DELHI – In a landmark decision impacting India’s aviation sector, the Supreme Court on Wednesday directed the liquidation of Jet Airways under the Insolvency and Bankruptcy Code (IBC), marking an end to its lengthy insolvency resolution process. The ruling came in the case State Bank of India and ors v Consortium of Mr Murari […]

SBI increased lending rate by 10 bps; effective from June 15

NEW DELHI: The State Bank of India (SBI), the country’s largest lender, has increased its marginal cost of funds-based lending rate (MCLR) by 10 basis points (0.1%) across all tenures, effective from June 15. MCLR signifies the minimum interest rate below which banks cannot lend and reflects trends in their cost of borrowing. ALSO READ: […]