On April 13, 2017 13:16 (IST)
The country's largest lender has recently merged five of its associate banks and Bharatiya Mahila Bank.
On April 06, 2017 17:22 (IST)
With this merger, the first ever large scale consolidation in the Indian banking system as per SBI, the bank said it will join the league of top 50 banks globally in terms of assets.
On April 03, 2017 12:11 (IST)
State Bank of India merged its five Associate Banks - State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore, along with Bharatiya Mahila Bank with itself effective April 1, 2017.
On April 01, 2017 15:27 (IST)
"With this six-way mega merger, SBI has again displayed its ability to change and evolve in order to continue as the country champion among banks in India and to create enduring value," the bank said.
On March 22, 2017 20:37 (IST)
"All branches of Bharatiya Mahila Bank (BMB) will function as branches of the SBI from April 1. Customers, including depositors of BMB, will be treated as customers of SBI," the RBI said.
On March 21, 2017 17:15 (IST)
"As per the Finance Ministry, the merger of BMB with SBI has been approved. We are awaiting the date of merger. The effective date of merger will come in the notification," SBI Managing Director Dinesh Kumar Khara said.
On March 20, 2017 20:01 (IST)
The finance ministry said the State Bank of India group already has 126 exclusive all-women branches across the country while the Bharatiya Mahila Bank (BMB) has only seven.
On January 02, 2017 19:15 (IST)
The merger would make SBI a global-sized bank and would be amongst the top 50 lenders in the world, with an asset base of Rs 37 trillion or over $555 billion.
On December 05, 2016 16:12 (IST)
State Bank of India said the merger plan of associates with itself is on track and it should not get delayed due to the ongoing demonetisation process.
On November 30, 2016 17:11 (IST)
The amalgamation of BMBL with SBI has been approved, Competition Commission of India (CCI) website showed.
On September 16, 2016 18:14 (IST)
Unfazed by the protests of bank unions, Finance Minister Arun Jaitley on Friday said the government will go ahead with the merger of associates banks and Bharatiya Mahila Bank with SBI as the proposal has been approved at the highest level by the Union Cabinet.
On September 04, 2016 15:34 (IST)
SBI hopes to kick off merger of its associates as well as Bharatiya Mahila Bank with itself by the end of October and try to complete the process by March next, making it the 45th largest lender globally in terms of assets.
On August 20, 2016 14:00 (IST)
State Bank of India (SBI), the nation's biggest lender by assets, will gain $120 billion in assets following its merger with associate banks and Bharatiya Mahila Bank, the lender said in a statement.
On August 19, 2016 17:09 (IST)
State Bank of India shares jumped nearly 4 per cent on Friday, a day after the lender's board approved the scheme of merger with five associate banks and Bharatiya Mahila Bank (BMB). The merger, announced in May, was approved by the Union Cabinet in June
On August 18, 2016 20:11 (IST)
In a bid to create global size bank, the board of State Bank of India approved scheme of merger of five associate lenders and Bharatiya Mahila Bank (BMB) with itself while protecting the interest of the existing staff.
On July 06, 2016 20:40 (IST)
SBI Capital Markets has invited proposals for independent valuation and determining the swap ratio for the merger of three State Bank of India (SBI) associates and Bharatiya Mahila Bank with State Bank of India (SBI).
On June 06, 2016 16:39 (IST)
Favouring consolidation in the public sector banking space, Finance Minister Arun Jaitley on Monday said the government as of now is looking only at SBI merging 5 subsidiaries as well as Bharatiya Mahila Bank with itself and a decision on this will be taken soon.
On May 27, 2016 20:18 (IST)
The proposed merger of SBI with its five associate banks and Bharatiya Mahila Bank (BMB) will lead to savings, improve treasury operations and cut redundancies, its Chairman Arundhati Bhattacharya said on Friday, pegging the cost of the merger process at around Rs 3,000 crore.