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SBI associate banks staff goes on strike today against merger

SBI associate banks staff goes on strike today against merger

A section of employees of five associate banks of SBI went to on strike Friday against their proposed merger with parent.

Consolidation govt policy; need global-sized institutions: FM

Consolidation govt policy; need global-sized institutions: FM

The proposal of SBI to merge its five associate banks with itself and acquire Bharatiya Mahila Bank is in line with the government's policy of consolidation as the country needs global-sized institutions, Finance Minister Arun Jaitley on Wednesday said.

SBI seeks govt nod for acquisition of associate banks, BMB

SBI seeks govt nod for acquisition of associate banks, BMB

Top state-run lender SBI 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.

SBT union calls for one-day lightning strike

A lightning strike generally refers to a form of protest in which employees stop working for a short period of time without giving any prior warning to the employer.

SBI associate banks' employees to go on strike Thursday

A section of employees of five associate banks of SBI will go on strike Thursday to protest against the proposal for merger of associate banks with the parent bank.

SBI associate banks to raise Rs 33,000cr capital in next 5 yrs

Five associates of State Bank of India (SBI) would raise about Rs 33,000 crore capital to meet global risk norms -- Basel III -- in the next five years.

SBI to merge one associate this fiscal: Chaudhuri

"Right now we are in a position to merge one of the subsidiaries.... We may merge one associate bank this year," SBI Chairman Pratip Chaudhuri said here.

One out of 5 associate banks can be merged in FY'14: SBI Chief

SBI has formed a a high-powered committee headed by SBI Managing Director S Vishwanathan to prepare a report on merger of associate banks.