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 March 19, 2017 11:56 (IST)
The Union Cabinet has already given in-principle approval to the merger of BMB with State Bank of India (SBI).
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 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.
On May 17, 2016 19:55 (IST)
Top state-run lender SBI on Tuesday proposed merger of its five associate banks and newly created Bharatiya Mahila Bank (BMB) with itself and sought government's approval for the same -- a major bid to consolidate the public sector banking space.
On December 10, 2015 18:34 (IST)
A top official of the Bharatiya Mahila Bank (BMB) on Thursday said it had not heard anything from the government on its merger with another bank.