Besides SBI, other members of consortium are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank, they said.
Global economy continues to slide as coronavirus outbreak worsens; uncertainty to remain for several months: Moody's
A sharp contraction of the global economy, at least in the second quarter, appears imminent, it said in its latest special series 'Credit Risks in Turbulent Times.'
RBI will continue to monitor activity, performance of shadow banking sector; final guidelines to be issued soon: Shaktikanta Das
The RBI chief also urged Indian public sector banks (PSBs) to not depend solely on government capital infusions to solidify their balance sheets.
Fitch downgrades ICICI Bank, Axis Bank rating by a notch; India's banking sector expected to be below-average over next two years
Fitch further said ICICI Bank's core capitalisation is higher than that of most other Indian banks
Bimal Jalan panel holds first meet to examine reserve size of RBI, dividend to be given to govt; report likely in April
The government and the RBI under previous governor Urjit Patel had been at loggerheads over the Rs 9.6 lakh crore surplus capital with the central bank.
Govt moves NCLT to reopen IL&FS group balance-sheets; court seeks views of statutory bodies, regulators
This is the first time that government has invoked the powers under Section 130 0f the new Companies Act of 2013 to reopen ledgers of a company.
Bank frauds: Relevant to ask if those auditing balance sheets have truly done their duty, says President Ram Nath Kovind
When banking scandals take place, large borrowers abscond and leave their banks in the lurch or as in the Satyam case, where promoters themselves embezzled funds, it represents a breach of faith, President Ram Nath Kovind said.
IMF suggests India three steps to sustain high growth rate; expects recovery to continue in FY 2018-19
The IMF Board is tentatively scheduled to meet on 18 July for its annual India meeting.
An ERP system also enables a company to review costs over a period of time, or according to a specific classification.