Citi’s Exit: Why Foreign Banks Struggle To Flourish In India

Citigroup isn’t the only foreign bank struggling in India, a closer look at the country’s banking ecosystem reveals.

Chronicling The Jet Airways Saga: From Making History To Becoming It

The only consolation, perhaps, for Naresh Goyal – the airline’s affable founder – is that Jet Airways died a natural death (due to market forces); unlike the mass extinction, precipitated by the ongoing COVID-19 crisis, that awaits the airline industry at large.

SBI launches debit card EMI facility

Consumers can buy the products at over 40,000 merchants and stores in more than 1,500 cities having point-of-sale (PoS) machines totalling over 4.5 lakh. SBI launched debit card EMI on PoS loans for consumer durables. State Bank of India on…

SBI changes daily ATM cash withdrawal limit for debit cards

Depending upon the variant of the card, the daily cash withdrawal limit ranges from ₹20,000 to ₹1 lakh. SBI also allows free transactions to its customers at ATMs for 8-10 times in a month.

SBI’s Anshula Kant takes over as CFO of World Bank

Indian banker Anshula Kant appointed as MD and CFO of World Bank. As CFO of the SBI, she managed USD 38 billion of revenues and total assets of USD 500 billion.

Hinduja evaluates viability of precarious Jet investment

As per reports, the Hinduja Group is underway with its evaluation of the viability of an investment in debt-ridden Jet Airways which has been stagnant since April 17

SBI recovers from NPA stress to post ₹838 crore in profits

SBI reports net profit of Rs 838 crore in Q4 FY19, NPAs decline State Bank of India (SBI) on Friday reported standalone net profit at Rs 838 crore for the March quarter of the financial year 2018-19. The government-owned lender…

Director Nasim Zaidi quits Jet Airways’ board

Jet Airways’ director Nasim Zaidi quits board Grounded carrier Jet Airways said on Monday its Non-Executive and Non-Independent Director Nasim Zaidi has quit the board citing personal reasons and time constraints. Zaidi was the former Civil Aviation Secretary and Chief…

Mallya asks State Bank of India to disclose ‘legal fees’

Mallya asks SBI to disclose ‘legal fees’ spent to recover funds Fugitive businessman Vijay Mallya on Friday urged Indian media to file an RTI against the State Bank of India (SBI) to ascertain how much money it has spent on…

Grounded Jet Airways shares sinks beyond 27 pc

Grounded Jet Airways’ shares sink over 27 pc Jet Airways shares plunged over 27 per cent on Thursday over doubts whether the grounded Indian airline will fly again. At 12:30 pm, Jet shares were trading 27.06 per cent down at…