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SBI has found fraud worth Rs 7,951.3 crore in Apr-Dec: RTI reply

Thursday, February 28, 2019, 7:57 AM

The State Bank Group has said as-much-as Rs.7,951.29-crore involving 1,885-cases of fraudulent activities have come to light during the first-nine-months of the current fiscal year. In an RTI reply, nation's largest lender said, first quarter reported 669 cases of fraudulent activities amounting to Rs.723.06-crore, the second quarter saw 660-cases involving an Rs.4,832.42-crore and the third quarter reported 556-cases amounting to Rs.2,395.81-crore.
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Jet Airways in talks with SBI for Rs 1,500 crore loan

Monday, December 31, 2018, 8:01 AM

Loss-making carrier Jet Airways is in discussions with the State Bank of India for raising Rs 1,500 crore short-term loan to meet its working capital requirement and some payment obligations, a source said. Jet Airways strategic partner and Middle-east carrier Etihad, which holds 24 % stake in the Indian full service carrier, is likely to provide guarantee for the loan, he said.
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Bank strike on Wednesday, services to be affected

Tuesday, December 25, 2018, 10:15 PM

Services of state-owned banks are expected to be impacted Wednesday due to a-nation-wide strike call given by unions to protest against proposed amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda. This will be second-bank strike in less-than-a-week. Last Friday, an officers' union of state-run banks observed a-day-long strike to protest against the merger and also demanded immediate settlement of wage negotiations.

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