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SBI merger News
FinMin writes to heads of PSU banks on consolidation
Sun, Sep 03, 2017
The finance ministry has written letters to all heads of PSU lenders informing them the government's decision to set up a ministerial panel to facilitate consolidation in the public banking space.
Thousands transferred, branches closed, but no major protests in SBI
Tue, Aug 15, 2017
Even the unions that strongly opposed the merger of six banks with SBI and were apprehensive about treatment of incoming staff by the SBI management agree that there is not much of vindictive or arbitrary movement of people till now, making one wonder as to how and why this happened.
NPA resolution to spur credit expansion, growth: Panagariya
Sun, Aug 13, 2017
Terming the non-performing assets (NPAs) or bad loans problem as a 'legacy issue', Arvind Panagariya said that even after three years of the NDA government taking charge, it has not gone away.
Govt may approve one more PSU bank consolidation by March
Fri, Jun 09, 2017
Now, the Finance Ministry is looking to replicate the model in the case of other state-run banks so that they reach critical mass to compete with global peers.
SBI launches share sale to raise Rs 11,000 crore
Tue, Jun 06, 2017
Country's largest lender State Bank of India (SBI) today opened share sale through private placement at Rs 287.58 apiece to raise Rs 11,000 crore. This is part of plans to garner Rs 15,000 crore capital from markets in the current fiscal.
Govt to go ahead with PSU bank merger without further wait: FM Jaitley
Mon, Jun 05, 2017
The government today said it is examining the possibility of further consolidation in the public sector banking space without waiting for their finances to improve. Merger of five associate banks and Bhartiya Mahila Bank with the country's largest lender SBI took place in April.
Finance Ministry initiates process for finding new State Bank of India's chief
Sun, May 28, 2017
As SBI's chief Arundhati Bhattacharya's extended four-year term comes to an end on October 6 this year, the Finance Ministry has initiated the process for finding new chief for the bank.
SBI Q4 profit doubles to Rs 2,815 crore on rise in lending & reduction of bad loans
Sat, May 20, 2017
State Bank of India (SBI) has reported Rs 2,815 crore rise in its standalone net profit for the fourth quarter (Q4) as compared to Rs 1,263.81 crore in the same period of previous fiscal.
SBI hikes minimum balance for savings a/c, other charges
Mon, Apr 03, 2017
These new rates effective from April 1 are not applicable on Surabhi, Basic Savings Bank and PM Jan Dhan Yojana accounts.
SBI completes merger of all its 6 associate banks
Mon, Apr 03, 2017
SBI completes merger of all its 6 associate banks. Watch complete news story of Headlines @ 10:30 AM for getting the detailed updates from stock market!
From cash transaction limit to one-form ITR process, this is how your new FY18 will be
Sat, Apr 01, 2017
From today, Indian Railways will roll out a new Vikalp scheme, under which wait-listed passengers can get an option to travel in premium trains like Shatabdi and Rajdhani.
SBI to complete merger of 6 banks in three months
Wed, Mar 29, 2017
The board of SBI earlier approved the merge plan under which SBBJ shareholders will get 28 shares of SBI (Re 1 each) for every 10 shares (Rs 10 each) held.
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.
Bharatiya Mahila Bank to merge with SBI
Mon, Mar 20, 2017
The government on Monday said it has decided to merge the Bharatiya Mahila Bank (BMB) with the State Bank of India (SBI) to ensure greater banking services outreach to more women.
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.
Arun Jaitley speaking over the merger SBI with supporting banks
Thu, Feb 16, 2017
Arun Jaitley speaking over the merger SBI with supporting banks. Watch this special segment and get to know more here.
10 big highlights of SBI merger with associate banks
Thu, Feb 16, 2017
10 big highlights of SBI merger with associate banks. Watch this special segment and get to know more here. Zee Business is one of the leading and fastest growing Hindi business news channels in India.
SBI pushes merger of 5 associate banks, BMB to next fiscal
Mon, Jan 02, 2017
State Bank chairperson Arundhati Bhattacharya today hinted that the mega merger of its five associate banks and Bharatiya Mahila Bank (BMB) could be pushed to the next financial year as it is still awaiting the government notification on the move.
No closures, only branch relocations after SBI merger: Arundhati Bhattacharya
Wed, Sep 07, 2016
The State Bank of India (SBI) may relocate some branches after the merger of its associate banks into its fold, but none of them will be shut down, Chairperson Arundhati Bhattacharya has said in a bid to put rumours to rest and assuage the staff.
SBI's merger with subsidiaries will increase bank's coverage area: Bhattacharya
Thu, Aug 25, 2016
State Bank of India's (SBI) merger with five associate banks will increase the bank's coverage area and productivity of its employees, said SBI's chairperson Arundhati Bhattacharya in a recent one-on-one interview with Zee Business news channel.