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
Tag: State Bank of India
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
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
One 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