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Cabinet okays SBI mega merger with 5 associates

Seeking to create a global-sized bank, the Cabinet on Wednesday gave the go-ahead to the merger plan of SBI and its five associates, a step aimed at strengthening the banking sector through......

SBI tops market, jumps 4%; m-cap grows by Rs 7,996 cr

Analysts do not expect any major price action at SBI counter as the swap ratio was largely neutral Defying the broader market trend, shares of State Bank of India, on Friday, settled with gains of......

Sensex ends 46 points lower amid volatility

Markets ended flat with negative bias, amid weak European cues, after reports suggested that some US Federal Reserve officials are in favour of a rate hike soon while gains in State Bank of India......

RBI slaps Rs 27-cr penalty on 13 banks for FEMA violations

The RBI also looked into the effectiveness of systems and processes for implementation of KYC norms In a major crackdown for FEMA violations and KYC lapses, the RBI has imposed Rs 27-crore (Rs 270......

SBI merger to create banking powerhouse

Employee integration and branch rationalisation are major challenges. IMAGE: SBI headquarters, Mumbai Photograph: Manjulkumar/Wikimedia Commons     In a definitive push for......
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SBI post-merger Q1 net profit jumps to Rs 3,105 cr

Country's largest lender SBI today reported a consolidated net profit of Rs 3,105.35 crore for the 3-month period ended June 30, the first... ...

http://www.business-standard.com/article/pti-stories/sbi-post-merger-q1-net-profit-jumps-to-rs-3-105-cr-117081100534_1.html
LS passes bill to approve SBI associates' merger

The Lok Sabha on Thursday passed a bill that will approve merger of some associate banks with the State Bank of India (SBI) with the government,... ...

http://www.deccanherald.com/content/627444/ls-passes-bill-approve-sbi.html
Oppn concerned over hike in svc tax, lowering interest

Opposition today expressed concern over increase in service charges and reduction of interest rate on savings bank account by the SBI, terming it... ...

http://www.deccanherald.com/content/627398/oppn-concerned-over-hike-svc.html
Govt to initiate banks' consolidation process after Q1 numbers

The finance ministry is expected to initiate the process of consolidation of public sector banks (PSBs) once the first quarter results of the... ...

http://www.deccanherald.com/content/627252/govt-initiate-banks-consolidation-process.html
Number of PSBs may go down to 12; another mega merger likely this year

FC Bureau City: New Delhi As part of a three-tier structure, there would be at least 3-4 banks of the size of SBI, while some region-centric banks... ...

http://www.mydigitalfc.com/my-world/number-psbs-may-go-down-12-another-mega-merger-likely-year

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