Mon, Nov 13, 2017
In 1991, it was suggested that India should have fewer but strong PSBs. Though it was only in May 2016 that effective action to consolidate state-owned banks struck headlines with six associate banks getting merged into State Bank of India.
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Thu, Aug 24, 2017
The Union Cabinet has approved an alternate mechanism for the merger of other PSBs in the coming days. Even though the move is expected to help but yet not entirely the solution needed for PSBs.
Fri, Aug 11, 2017
SBI posted net profit of Rs 3,031.88 crore rising by 189.85% compared to Rs 1,046 crore in the corresponding period of the previous year.
Sun, Jul 16, 2017
Finance Minister Arun Jaitley said the government is "actively working" towards consolidation of public sector banks but declined to provide details, saying this was a price-sensitive information.
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.
Wed, Apr 05, 2017
The combined gross non-performing assets (GNPAs) of all the five associates is over half of SBI's.
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.
Bhattacharya added, “At this point of time, Voluntary Retirement Scheme (VRS) for employees is not under consideration. But post merger, in future, there will be an option for employees to adapt this scheme. SBI will be very open to their choices. ”
Post-merger, all the customers of associate Banks will enjoy access to a wide array of digital products and services offered by the State Bank of India, the lender said.
Sat, Apr 01, 2017
SBH`s total business stood at Rs 2.60 lakh crore as on December 30, 2016.
The merged entity will have a deposit base of more than Rs. 26 lac crores and advances level of 18.50 lac crores.
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.
Fri, Mar 24, 2017
As a result of the merger, more than 14,000 employees (5,000 officers and the rest comprising clerical and subordinate staff) and 1,200 SBT branches (880 in Kerala alone) will cease to exist under the brand name SBT.
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