SBI eyes merger of five associate banks, unions protest move
Mumbai, May 17 (IANS) The State Bank of India board on Tuesday decided to submit a a proposal to the central government seeking an “in-principle approval” to initiate negotiations with its five...
View ArticleBank officers union flays SBI-associate banks’ merger plan
Mumbai, May 19 (IANS) The All India Bank Officers Association (AIBOA) on Thursday condemned the State Bank of India’s “attempt to fast-forward mergers and acquisitions in the financial sector” by...
View Article`Merger of six banks to cost SBI $250 million’
Chennai, May 20 (IANS) Global credit rating agency Moody’s Investors Service on Friday said the merger idea mooted by State Bank of India (SBI) of six banks with itself would cost around Rs. 16.6...
View ArticleAfter SBI associate banks’ strike, unions warn of more stirs
Mumbai, May 20 (IANS) Around 45,000 employees of SBI’s five associate banks struck work across India to protest against the proposed merger plans and warned of more strikes next month, union activists...
View ArticleSBI net profit down 66.23 percent in Q4
Kolkata, May 27 (IANS) The State Bank of India (SBI) on Friday reported a 66.23 percent decline in its net profit in the quarter ended March 31, 2016 due to increased provisions to cover bad loans, at...
View ArticleCapital, NPA will not be impacted by merger: SBI chairperson
Kolkata, May 27 (IANS) State Bank of India’s capital or non-performing assets will not be impacted in a big way if the proposed merger of its five associate banks and the Bharatiya Mahila Bank with it...
View ArticleAdjust loans from security Mallya deposited in HC: Tribunal
Bengaluru, June 7 (IANS) The Debt Recovery Tribunal on Tuesday suggested the State Bank of India (SBI) adjust the Rs.2,000 crore security beleaguered tycoon Vijay Mallya deposited in the Karnataka...
View ArticleScrips of SBI, three associate banks flare up
Chennai, June 15 (IANS) The share prices of State Bank of India and its three listed associate banks flared up on the bourses on Wednesday on talks of government’s okay on negotiations for the merger...
View ArticleNod to merger of six banks with SBI, SBI chief says ‘win-win’ for all
New Delhi/Chennai, June 15 (IANS) With the government on Wednesday giving its in-principle approval to the mega merger proposal in the banking sector – the merger of six banks with SBI, State Bank of...
View ArticleSBI scrip gains just five paise, scrips of associates over Rs.70
Chennai, June 16 (IANS) The share prices of three listed associate banks of State Bank of India (SBI) flared up for second consecutive day on Thursday whereas the latter’s scrip only went up by five...
View ArticleSBI scrip gains just five paise, scrips of associates over Rs 70
Chennai, June 16 (IANS) The share prices of three listed associate banks of State Bank of India (SBI) flared up for second consecutive day on Thursday whereas the latter’s scrip only went up by five...
View ArticleBankers to strike opposing SBI’s takeover of associates
Chennai, June 17 (IANS) Opposing the central government’s decision to merge State Bank of India’s (SBI) five associate banks with the former, around 45,000 employees of the associate banks will strike...
View ArticleSBI merger a ploy to divert attention from bad loans: union leader
Chennai, June 17 (IANS) The proposed merger of the State Bank of India (SBI) with its associate banks is the government’s ploy to divert attention from the massive scale of corporate bad loans, said...
View ArticleReliance Industries, SBI take a step forward on payments bank
Mumbai, July 1 (IANS) At a time when some business houses are surrendering their payments bank licences, India’s largest lender the State bank of India (SBI) and the top private company Reliance...
View ArticleTalks with managements fail; bank workers to strike work on July 12, 13
Chennai, July 9 (IANS) Bank employees are preparing to strike work on Tuesday and Wednesday after talks between their representatives and bank managements failed on Friday, C.H. Venkatachalam, a union...
View ArticleSBI silent on Mallya loans to avoid probe issues: Activist
Mumbai, July 11 (IANS) The State Bank Of India has declined to reveal details of its board meeting in which loans were sanctioned to liquor baron Vijay Mallya, claiming that it could impede probe, an...
View ArticleStrike in SBI associate banks on Tuesday
Chennai, July 11 (IANS) Around 45,000 employees in the five associate banks of the State Bank of India (SBI) will strike work on Tuesday, said a leader of the All India Bank Employees Association...
View ArticleSBI, IOC link up to empower farmers
Mumbai, July 25 (IANS) State Bank Of India (SBI) and Indian Oil Corporation (IOC) have tied up to implement the bank’s financial inclusion programme for farmers through the oil company’s Kisan Seva...
View ArticleAssociates merger with SBI to be done by end-March 2017: Chairperson
New Delhi, July 29 (IANS) Even as bank employees struck work on Friday on the issue, State Bank of India chairperson Arundhati Bhattacharya said the process of the merger of five associate banks and...
View ArticleOracle India joins SBI to foster digital skills initiative
Mumbai, Aug 1 (IANS) Global software and Cloud major Oracle India on Monday announced a corporate citizenship collaboration with State Bank of India (SBI) and launched the ‘D-Change’ programme which...
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