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SBI Capital to make report on PSU bank merger within a month

SBI Capital to make report on PSU bank merger within a month

Last Updated: Thursday, July 31, 2014, 16:53

The Finance Ministry has appointed SBI Capital Markets to undertake a study on mergers as well as recapitalisation of state-owned banks and the report is likely to be finalised within a month.

State Bank of Patiala ready to merge

Last Updated: Wednesday, July 30, 2014, 12:29

SBI has five associates -- State Bank of Bikaner and Jaipur, State Bank of Travancore, State Bank of Patiala, State Bank of Mysore and State Bank of Hyderabad.

Banks' merger plan on the anvil; SBI and SBP first in queue

Last Updated: Saturday, July 26, 2014, 12:21

SBI first merged its State Bank of Saurashtra with itself in 2008. Two years later in 2010, State Bank of Indore was merged with SBI.

IAF files FIR on fraudulent withdrawal of money from bank

Last Updated: Thursday, July 24, 2014, 22:25

The Indian Air Force has registered an FIR with the Delhi Police in connection with over 40 cases of fraudulent withdrawal of money from the State Bank of India accounts of its officers posted at the Air headquarters here.

RBI likely to maintain status quo in Aug policy:SBI chief

Last Updated: Thursday, July 24, 2014, 16:32

For the current fiscal, the bank has not taken a decision on how much to raise, she said on the sidelines of an event organised by Nabard here.

SBI chief flags off 'home loan on wheels' in city

Last Updated: Saturday, July 19, 2014, 17:21

State Bank of India has undertaken today a campaign "home loan on wheels", with its chairperson Arundhati Bhattacharya flagging off first two vans here.

Draft Cabinet note for govt stake dilution in SBI next month: Sandhu

Last Updated: Saturday, July 19, 2014, 14:26

Finance Ministry is likely to prepare draft cabinet note for government stake dilution in State Bank of India in August to enable it to raise capital for meeting Basel III norms.

Sriram, Kannan appointed SBI Managing Directors

Last Updated: Thursday, July 17, 2014, 22:37

State Bank of India (SBI) Thursday said it has appointed B Sriram and V G Kannan as Managing Directors and Group executives.

SBI Research sees retail inflation trending down further

Last Updated: Tuesday, July 15, 2014, 20:25

Retail inflation, as measured by consumer price index (CPI), was 8.28 percent in May. Its lowest was 7.65 percent in January, 2012.

SBI cuts fixed deposit rate on select maturities by 0.5%

Last Updated: Tuesday, July 15, 2014, 15:09

Interest rate on fixed deposits between 7-179 days has been reduced to 7 percent from 7.5 percent.

'SBI, PNB likely to tap capital market this year'

Last Updated: Friday, July 11, 2014, 19:30

Public sector SBI and PNB could be among the first banks to tap capital market this financial year to raise funds to meet global risk norms Basel III, a top finance ministry official said here Friday.

Bankers welcome Budget, say it ushers in growth environment

Last Updated: Friday, July 11, 2014, 13:38

Bankers on Thursday hailed Finance Minister Arun Jaitley's maiden budget, saying it would create an enabling environment for future growth.