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SBI and associates merger News
SBI and associates merger
SBI may reduce workforce by nearly 10% by 2019, says MD Rajnish Kumar
Sun, Mar 26, 2017
Kumar said the bank will continue with its policy of branch expansion, and the associate bank branches will be merged.
SBI to raise $1.5 billion from overseas bonds to fund biz expansion
Sat, Mar 25, 2017
The executive committee of the central board of SBI fixed March 17 as the record date for determining the eligible minority shareholder of SBBJ, SBM and SBT.
Merger benefits to accrue only from Q3 2017-18: SBI
Wed, Mar 22, 2017
Along with a huge corpus, the merger will also bring a quarter of all outstanding loans in the banking sector to SBI.
Cabinet nod for merger of BMB with SBI likely in 3 months
Sun, Mar 19, 2017
The Union Cabinet has already given in-principle approval to the merger of BMB with State Bank of India (SBI).
SBI to merge five associate banks from April 1
Fri, Feb 24, 2017
SBI first merged State Bank of Saurashtra with itself in 2008 and later State Bank of Indore was merged with it.
Further consolidation in PSU banks after improvement in bad loans: FinMin
Tue, Feb 21, 2017
According to sources, the arrest of bankers by investigating agencies also came up during the meeting.
Capital inflows lift equities to new highs
Sat, Feb 18, 2017
"After volatile movement in the first four days of the week, the domestic market stood firm driven by increased foreign capital inflows. Both mid-cap and small-cap stocks witnessed buying," D.K. Aggarwal, Chairman and Managing Director, SMC Investments and Advisors, told IANS.
Ahead of merger with SBI,associate SBT to raise up to Rs 600 crore
Sat, Feb 18, 2017
"The executive committee of the board of directors of the bank at its meeting held on February 18, 2017 has approved the raising of up to Rs 600 crore by way of issue of Basel III compliant additional tier-I bonds by private placement," SBT said in a regulatory filing.