Tag: State Bank of India

KFA Asset crisis: Lenders start USL shares sales, Mallya files suit

On ground, Share of cash-strapped Kingfisher Airline’s parent United Spirits has started selling by the 17-lender consortium led by State Bank of India (SBI). Read more

SBI cuts 5bps in base rate, others to follow suit

Indian largest lender bank, State Bank of India has cut its key lending rate by 5 basis points, passing on RBI’s recent monetary cut off key rates to customers, for monetary easing with economic growth. Read more

SBI revises retail lending rates

SBI 150x150 SBI revises retail lending ratesGood news for home loaners, India’s top lender State Bank of India recently announced to relief in retail rates with cut by up to 50 basis points, 0.25-0.60 %.

As per SBI revised plan, Car loans above Rs. 75 lakh will be charged 10.40% interest rates from existing 11.25%, while Home Loans of Rs. 30 lakh- Rs. 75 lakh will be charged to 10.40%, from 10.75%.
People who lend money upto Rs. 30 lakh will now pay interest with 10.25% from current 10.50%. Read more

Banks give 15-days revival plan, may sell Vijay Mallya’s Goa villa

Vijay Mallya 150x150 Banks give 15 days revival plan, may sell Vijay Mallyas Goa villaOne by one more blow has been raise on the debt laden KFA as today, source reported, all the banks from them airline had raised the loans decided to sell off Kingfisher’s non-core assets to recover their debts.

In the list of Kingfisher’s non-core assets, Mumbai’s House of Kingfisher and CEO Vijay Mallya’s villa in Goa are included. Read more

Advertise With Us || Contact Us || Priyacy Policy || Disclaimer || About Us || Our Editors