Besides SBI, other members of consortium are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank, they said.
Finance Minister Nirmala Sitharaman says 'steadiness' in economy is a good sign with Q3 GDP growth at 4.7%
Speaking at <em>CNBC-TV 18</em>'s Business Leadership Awards 2020, Sitharaman made it clear that she was not expecting a jump in the GDP growth number either.
Budget 2020: Nirmala Sitharaman's fiscal math seems to have put worst behind; economy set to rebound with proposals announced
The Budget brought more clarity on the fiscal deficit side by pegging the deficit figures at 3.8% of the GDP for FY 2019-20 and 3.5% for FY 2020-21, showing a deviation of 0.5% from the fiscal glide path.
Jaypee Infratech insolvency: NCLT to hear on 21 May IDBI Bank's plea on bankruptcy process deadline extension
IDBI had approached the National Company Law Tribunal (NCLT) seeking an extension of the corporate insolvency resolution process (CIRP) beyond the 6 May deadline
After govt nod, NBCC asks Jaypee Infratech RP to reconsider bid; lenders, home buyers vote on sole bid by Suraksha Realty
Financial creditors and home buyers of the Jaypee group realty firm are currently voting on the bid of Suraksha Realty,
NBCC submits revised bid for debt-ridden Jaypee Infratech; to complete over 20,000 delayed apartments in Noida
In April 2018, Jaypee Group had also submitted a Rs 10,000 crore plan before lenders to revive Jaypee Infratech, but the same was not accepted.
ICRA upgrades outlook on PNB, Bank of India, two other lenders; govt's capital infusion key driver of improvement
The stable outlook factors in ICRA's expectations of reduced asset quality pressure, improving solvency levels and expectations of improved earnings indicators in 2019-20, it said.
Post the PNB fraud, which came to light in February 2018, the RBI has been tough on banks to tighten all kind of their transactions.
Vijay Mallya's extradition order a boost for Modi govt ahead of elections, but process likely to take 2-3 months
After netting Vinay Mittal, Christian Michel, Rajiv Saxena and Deepak Talwar, India's investigating agencies received another boost on Monday — UK has approved an order for the extradition of businessman Vijay Mallya to India to face judicial proceedings for allegedly defrauding banks and laundering money to the tune of Rs 9,000 crore.
The open offer has been made at a price of Rs 61.73 a share, which is in connection with LIC's acquisition of 51 percent controlling stake in IDBI Bank.
Jaypee Infratech's lenders discuss evaluation criteria for potential bidders, CoC to take final call next month
Jaypee Infratech's Interim Resolution Professional (IRP) Anuj Jain had in October initiated a fresh initiative to revive Jaypee Infratech on NCLT's direction after lenders rejected over Rs 7,000 crore bid of Suraksha group.
Yes Bank hires US-based headhunter Korn Ferry to assist search panel for new CEO; Rana Kapoor's term to end in January 2019
Kapoor, the founder and promoter of the bank, has been asked by the Reserve Bank of India (RBI) to step down after January 2019.
IL&FS should be allowed to fail than forcing a LIC-sponsored bail-out; time to stop gambling with policyholders' money
IL&FS should be allowed to fail than forcing a LIC-sponsored bail-out
The Great Indian NPA Mess: Bad loans can snowball into banking crisis; Jaitley's solution has political overtones
NPAs on the other hand, have been growing. The problem was that banks did not have the capacity to assess infrastructure projects which were much bigger now.
Indian govt failed to justify request for Vijay Mallya's extradition from UK, says businessman's lawyer
Vijay Mallya’s lawyer Clare Montgomery told London’s Westminster Magistrates Court that India had failed to provide enough evidence to form a "prima facie" case against him necessary to warrant his extradition
India’s green bond market is currently pegged at about $3 billion, apportioning majority of the proceeds to renewable energy projects (contributing directly towards achieving India’s NDCs)
Daily bulletin: DMK set to elect Stalin as president, Rahul Gandhi to visit Kerala; PV Sindhu in action at Asian Games; day's top stories
Congress president Rahul Gandhi is set to visit flood-ravaged areas and relief camps in Kerala today. His party colleagues say that Rahul will fly to Thiruvananthapuram and go to some of the areas — Chengannur, Alappuzha and Angamaly — worst hit by the floods
IDBI, which has the worst asset quality among all the banks with a 28 percent bad loan pile, said it has received a letter from LIC on Monday expressing interest to increase its holding to 51 percent through preferential allotment of shares or an open offer or a combination of both.
LIC-IDBI Bank deal: Five questions the state-run insurer should answer while betting big on a zombie bank
LIC is taking off some burden from the government that is saddled with capital-hungry zombie banks. But, what does the deal really mean for LIC?