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Five associate banks, BMB merge with SBI

Five associate banks, BMB merge with SBI

Five associates and the Bharatiya Mahila Bank became part of the State Bank of India (SBI) on Saturday, catapulting the country's largest lender to among the top 50 banks in the world.

Five associate banks to merge with State Bank of India tomorrow

Five associate banks to merge with State Bank of India tomorrow

Post-merger, the combined entity will have 23,899 branches and employee strength of 2,71,765.

Five associate banks to merge with State Bank of India from April 1

Five associate banks to merge with State Bank of India from April 1

The five associate banks are State Bank of Bikaner & Jaipur, State Bank of Mysore, State Bank of Travancore, State Bank of Patiala and State Bank of Hyderabad.

Ahead of merger with SBI,associate State Bank of Travancore to raise up to Rs 600 crore

Ahead of merger with SBI,associate State Bank of Travancore to raise up to Rs 600 crore

Ahead of its proposed merger with parent SBI, State Bank of Travancore (SBT) will raise up to Rs 600 crore to shore up additional tier-I capital by issuing Basel compliant bonds on private placement.

Merger of 5 associates to be completed in FY18: SBI chief

Merger of 5 associates to be completed in FY18: SBI chief

Top lender State Bank of India (SBI) on Thursday said the merger of its five associates will happen in the next financial year and ruled out any wage-related issues delaying the process.

Cabinet approves merger of five subsidiaries of State Bank of India

Cabinet approves merger of five subsidiaries of State Bank of India

The associate banks which will be merged with SBI are: State Bank of Bikaner & Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

SBI pushes merger of 5 associate banks, BMB to next fiscal

SBI pushes merger of 5 associate banks, BMB to next fiscal

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.

SBI likely to get RBI nod on merger of associate banks soon

SBI likely to get RBI nod on merger of associate banks soon

State Bank of India (SBI) expects to soon receive RBI's approval for the detailed merger plan of its associate banks.

SBI merger: Associate banks to soon submit report on amalgamation to RBI

SBI merger: Associate banks to soon submit report on amalgamation to RBI

Government earlier this year cleared the proposal to merge SBI with its five associate banks -- SBBJ, State Bank of Travancore, State Bank of Patiala, State Bank of Hyderabad -- and the new Bharatiya Mahila Bank (BMB).

Arundhati Bhattacharya hopes to kick off SBI's mega merger by October-end

Arundhati Bhattacharya hopes to kick off SBI's mega merger by October-end

SBI hopes to kick off merger of its associates as well as Bharatiya Mahila Bank with itself by October-end and try to complete the process by March next, making it the 45th largest lender globally in terms of assets.

State Bank of Travancore pleas RBI, SEBI to intervene merger with SBI

State Bank of Travancore pleas RBI, SEBI to intervene merger with SBI

State Bank of Travancore Employees Union (SBTEU) has urged the Centre not to go ahead with the decision to merge SBT and other associate banks with SBI and also wants the RBI and SEBI to intervene in the matter.

SBI merger with associates, BMB exempt from CCI approval

SBI merger with associates, BMB exempt from CCI approval

State Bank of India will not need fair trade regulator CCI's approval for merging 5 associates and Bhartiya Mahila Bank with itself, a move that will create a global sized bank with an asset base of Rs 30 lakh crore.

SBI clears merger of associate banks with itself

SBI clears merger of associate banks with itself

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SBI board clears merger of 5 associate banks, BMB with itself

SBI board clears merger of 5 associate banks, BMB with itself

In a bid to create global size bank, the board of State Bank of India on Thursday approved scheme of merger of five associate lenders and Bharatiya Mahila Bank (BMB) with itself while protecting the interest of the existing staff.

SBI associates' staff will not be affected by merger: Arun Jaitley

SBI associates' staff will not be affected by merger: Arun Jaitley

Interest of the employees of five associate banks will be protected following their merger with the parent entity State Bank of India, Finance Minister Arun Jaitley said on Friday.

Strike deferred, banks to be open on Tuesday, Wednesday

Strike deferred, banks to be open on Tuesday, Wednesday

Banks will be open and operations normal on Tuesday and Wednesday after a section of the public sector bank employees on Monday deferred their proposed two-day nationwide strike following the intervention of the Delhi High Court.

PSU bank employees to go on 2-day nationwide strike from July 12

PSU bank employees to go on 2-day nationwide strike from July 12

Banking operations could be hit for two days this week as a section of public sector bank employees have threatened to go on a nationwide strike beginning July 12 to protest against the proposed merger of SBI associates and privatisation of IDBI Bank.

SBI merger right idea, more such moves needed: Meghnad Desai

Terming the government's decision to go ahead with merger of SBI and its associate banks as a "right idea", eminent economist Meghnad Desai has said other PSU banks should also be merged from the current 24 to 3-4 large banks.

SBI invites independent valuers for merger of associates, BMB

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 SBI.

Three candidates interviewed for SBI's MD post

Three candidates interviewed for SBI's MD post

Three candidates were interviewed for the post of a managing director of the country's largest lender State Bank of India, sources said.