Wed, Dec 27, 2017
The account holders of banks such as Bharatiya Mahila Bank, State Bank of Patiala, State Bank of Mysore, State Bank of Bikaner and Jaipur, State Bank of Raipur, State Bank of Travancore, and State Bank of Hyderabad will now have to get their cheque books replaced.
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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.
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
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
The merged entity will have a deposit base of more than Rs. 26 lac crores and advances level of 18.50 lac crores.
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.
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.
Tue, Mar 21, 2017
State Bank of India will shutdown almost half the offices of its five associate banks from April 24 this year.
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.
Thu, Feb 16, 2017
State Bank of India (SBI) and three of its listed subsidiaries today informed the exchanges the Cabinet approval on the planned merger of associates with the parent bank.
Wed, Feb 15, 2017
SBI has said the merger with five subsidiary banks will help the country`s largest lender by assets increase its scale and cut expenses through synergies.
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.
Sun, Oct 02, 2016
After creating history by becoming the first woman to head the nation's largest lender State Bank of India (SBI), Arundhati Bhattacharya on Saturday earned another first by landing an extension for a year.
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.
Sun, Sep 04, 2016
SBI has three listed associate banks--State Bank of Bikaner & Jaipur, State Bank of Mysore, State Bank of Travancore, and two unlisted associates--State Bank of Patiala and State Bank of Hyderabad.
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.
Tue, Jul 05, 2016
To start with, the bank will merge the non-listed entities first.
Wed, Jun 15, 2016
The Cabinet is likely to approve merger of five associate banks of the State Bank of India (SBI) with itself on Wednesday.
Sun, Jun 12, 2016
"A team of 15-20 members has been set up and it has started working on the framework for the merger. The team is headed by a general manager and there are a few deputy general managers," a source said.
Wed, May 18, 2016
The three associate banks of SBI- State Bank of Mysore, State Bank of Travancore, State Bank of Bikaner and Jaipur-are listed on the stock exchanges.
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