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 20, 2016 12:08 (IST)
Nearly 50,000 employees of five associate banks of State Bank of India have gone on a day-long nationwide strike today to protest the proposed merger with their parent bank.
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 May 17, 2016 16:48 (IST)
After over five years of hiatus, associate banks of SBI including State Bank of Bikaner and Jaipur have proposed to merger with the parent lender.
On April 29, 2016 21:38 (IST)
State Bank of Travancore (SBT) on Friday reported a 16.9 per cent rise in its net profit to Rs 547 crore for the March quarter.
On April 26, 2016 13:25 (IST)
The bank's gross non-performing assets (NPAs) stood at 4.78 per cent of total advances as against 3.37 per cent a year ago.
On April 26, 2016 13:08 (IST)
Shares of State Bank of Travancore fell by nearly 4 per cent on Tuesday after the company reported a near 68 per cent decline in its net profit in the fourth quarter ended March.
On January 04, 2016 13:46 (IST)
Reserve Bank of India has imposed a penalty ofRs 1 crore on State Bank of Travancore for violation of some of its instructions.
On August 18, 2015 22:49 (IST)
SBI has five associate banks - State Bank of Bikaner and Jaipur, State Bank of Patiala, State Bank of Travancore, State Bank of Hyderabad and State Bank of Mysore.
On July 26, 2015 14:07 (IST)
Fundraising through rights issues has crossed Rs 11,000 crore mark so far this year, indicating growing traction among domestic firms to mop up capital via this route.
On March 13, 2015 19:03 (IST)
In the rights issue, shares are issued to existing investors based on their holdings at a pre-determined price and ratio.
On March 09, 2015 16:20 (IST)
The new rates will be applicable from March 16, 2015, it added.
On July 12, 2014 17:18 (IST)
The Finance Ministry has said it is examining various issues pertaining to mergers of public sector banks and that there will be some forward movement in the current year itself.
On June 11, 2014 13:42 (IST)
The combination of the associates will enhance the asset base of SBI to Rs 21.9 lakh crore, the report said, and will add 5,658 more branches to SBI's network. Market share of the combined entity will rise to 24 per cent, from 19 per cent at present, the report said.
On March 26, 2014 18:27 (IST)
State Bank of Travancore on Wednesday approved to raise equity capital up to Rs 629 by issuing new shares on rights basis.
On January 30, 2014 18:35 (IST)
State Bank of Travancore on Thursday reported a net profit of Rs 14.76 crore for the third quarter that ended in December 2013 on higher provisioning and rising bad loans.
On December 29, 2013 16:44 (IST)
State Bank of India (SBI), the country's biggest lender, has appointed P Pradeep Kumar as its managing director (corporate banking).
On July 03, 2013 18:35 (IST)
State Bank of India (SBI) said on Wednesday that it is in a position to merge one of the five associate banks in the current fiscal year, FY14.
On June 07, 2013 23:05 (IST)
State Bank of India (SBI) has said that the proposed merger of its five associate banks with itself could start by September after a high-powered committee submits its report on the same.
On May 06, 2013 17:13 (IST)
State Bank of India (SBI) today said it will consider merger of five associate banks in the second quarter of the fiscal year.