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.
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Sun, Mar 19, 2017
The Union Cabinet has already given in-principle approval to the merger of BMB with State Bank of India (SBI).
Thu, Sep 29, 2016
SBI stated, this merger will add upto nearly Rs 8 lakh crore in its assets portfolio which will make its total assets upto Rs 30 lakh crore.
Fri, Aug 19, 2016
After this merger, SBI's asset base would increase by Rs 37 lakh crore which is 5 times higher than ICICI Bank which has asset base of Rs 7.15 lakh crore.
Tue, Jul 05, 2016
To start with, the bank will merge the non-listed entities first.
Wed, May 18, 2016
The five associate banks namely, State Bank of Travancore (SBT), State Bank of Mysore (SBM), State Bank of Hyderabad (SBH), State Bank of Bikaner and Jaipur (SBBJ), and State Bank of Patiala (SBP), have also demanded a settlement of the pending issues.
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