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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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Finmin asks PSBs to explore acquisition of smaller banks

The finance ministry has asked four large PSU lenders to explore opportunities for acquisition of small and mid-sized banks with a goal to create... ...

http://www.mydigitalfc.com/banking/finmin-asks-psbs-explore-acquisition-smaller-banks-334
FinMin initiates process for finding new SBI chief

The finance ministry has initiated the process for finding new chief of the country's largest lender State Bank of India (SBI) as Arundhati... ...

http://www.business-standard.com/article/pti-stories/finmin-initiates-process-for-finding-new-sbi-chief-117052800192_1.html
SBI bad loans balloon, post-merger provisioning may rise

New Delhi: State Bank of India's bad loans have ballooned approximately 50 per cent in the span of a year and those of its five associate banks by... ...

http://www.sify.com/finance/sbi-bad-loans-balloon-post-merger-provisioning-may-rise-news-bank-rehmukagjddgi.html
2,800 employees of SBI's associate banks opt for VRS

All the five entities -- State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala... ...

http://www.dnaindia.com/money/report-2800-employees-of-sbi-s-associate-banks-opt-for-vrs-2379673

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