Cash-strapped Kingfisher Airlines owed over Rs 5,600 crore to public sector banks as on February this year, the government has said. The consortium of 13 PSU banks, including State Bank of India (SBI, have an exposure of Rs 5,608.07 crore to Kingfisher Airlines (KFA) as on February 2012, Minister of State for Finance Namo Narain Meena said in a written reply in Lok Sabha last Friday. Replying to a query on whether SBI has any proposal to extend a financial lifeline to Kingfisher Airlines, Meena...

The State Bank of India (SBI) is going for mammoth recruitment in 2012. The largest bank has announced to recruit as many as 8500 assistant (clerk) vacancies this year. For this massive recruitment, the SBI has invited online applications in its latest drive. The SBI-North East has also also invited applications for its project-2012. The notification for this was published in the last week of December 2011. To facilitate the interested candidates, the SBI has also started a blog named sbirecruitment2012.blogspot.in Since...

The Rajasthan High Court has issued show cause notice to the Rajasthan Public Service Commission and the state authorities for not implementing the news scheme in the upcoming state civil service examinations as being done by the UPSC and other public service commissions of several states. Taking cognizance of a petition filed by six candidates of the RAS examination wherein it was said many states including Andhra Pradesh, Chhattisgarh, UP and Himachal Pradesh among others have done away with...