The bank is considering a share-purchase scheme for all employees.
The mergers will not involve any cash but only share swaps
'My immediate objective is to start thinking about research once again. Start understanding the world we are in which has changed quite a bit.'
State Bank of India on Friday reduced its deposit rates by 0.25 per cent, making it the third bank after private sector rivals, ICICI Bank and HDFC Bank, to reduce deposit rates this week.
'We have collected Rs 83,702 crore in deposits in five days.'
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
Modi will also need to reconcile market demands with those from forces within his own administration
DBS called Rajan's decision not to seek an extension as a 'negative surprise'.
The prime minister's sop is expected to give a massive boost to priority-sector housing loans, thereby pulling the entire housing loan portfolio of banks.
Time opportune, with market buoyancy and entry of new entities
In his address at a conference of state secretaries, Rajan stressed the need to strengthen state-level coordination committees by ensuring participation, conducting meetings more frequently and sharing quality information among all stakeholders, including state government agencies.
Mumbai Marathi Patrakar Sangh refuses to 'retreat in the face of threats'.
Certification of films by the Regional Censor Board (RCB) in Bangalore has come to a standstill because there are not enough members to watch the films.
'I want to leave behind the bank stronger and better than when I took over.'
Nine members of the Central Board of Film Certification have sent their resignation letters to the Information and Broadcasting Minister on Saturday alleging interference from the Information and Broadcasting ministry.
Pune police on Tuesday raided homes of prominent Left-wing activists in several states and arrested at least five of them -- poet Varavara Rao in Hyderabad, activists Vernon Gonzalves and Arun Ferreira in Mumbai, trade unionist and lawyer Sudha Bhardwaj in Faridabad and Chhattisgarh and civil liberties activist Gautam Navalakha in Delhi.
The raids were carried out as part of a probe into the violence between Dalits and the upper caste Peshwas at Koregaon-Bhima village near Pune after an event called Elgar Parishad, or conclave, on December 31 last year.
A year has passed since Shashi Kapoor passed into the ages. His movies live on on television, but Shashiji's greatest legacy must remain Mumbai's Prithvi Theatre, where people came to be entertained, informed and, perhaps, also enlightened.
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The repo rate continues to be at 8 per cent while the cash reserve ratio has also been retained at 4 per cent despite inflation based on the Wholesale Price Index coming down to a 5-year low of 1.77 per cent in October.
Presenting our list of ten influential and best-dressed Indian women across professions.
A bland remake of the Tamil hit Mouna Guru, girl power is merely a USP device in Akira, says Sukanya Verma.
The mass cancellation of coal blocks by the Supreme Court has sent banks in a jittery mode as they have extended over Rs 1 lakh crore loans to power plants that were fed by these mines.
ICICI's Chanda Kochhar, ranked highest among Indian women, has been ranked second across the region
Bankers have hailed the Prime Minister's call to end "financial untouchability" and opened millions of accounts on the inaugural day itself.
Achin and Sarthak Narula join the list of KBC's crorepatis.
Generally, the central bank grants its approval by mid-March, or latest by March 31, but most banks have not received RBI approval on bonus packages this year.
Take a look at these damsels and VOTE for your favourite.
RBI and Sebi are close to reaching an agreement for providing waiver of existing norms to banks.
In the RBI's monetary policy statement review, Governor Raghuram Rajan said banks could extend timelines for large stalled projects by bringing in new 'promoters', or owners.
Trade and economic issues, including visa, totalisation pact and impediments hampering investments, are likely to figure at Monday's US-India CEO Forum meeting, which will be jointly addressed by visiting US President Barack Obama and Prime Minister Narendra Modi.
Defending champion Saina Nehwal and World number five Kidambi Srikanth were among the nine Indian shuttlers who entered the quarter-finals of the singles events at the Syed Modi International Grand Prix Gold badminton tournament in Lucknow.
German Chancellor Angel Merkel, French President Francois Hollande, Chinese Prime Minister Li Keqiang, Pakistan Prime Minister Muhammad Nawaz Sharif and Switzerland President Simonetta Sommaruga would be participating in the 45th edition of the meet.
Abhishek has been posting fond memories and interesting anecdotes on Instagram, recapping his #RoadTo20.
With enough liquidity in the system, lending and deposit rates are likely to fall further
Adani Mining is building a 300-km rail line for its about $16 billion Carmichael coal mine project in Australia.
Amid protests outside the Delhi University, senior Bharatiya Janata Party leader Subramanian Swamy went ahead with a seminar on the construction of Ram Temple in Ayodhya where he asserted that nothing will be done forcibly or against the law.
Spearheaded by Malaysian world No 1 Lee Chong Wei, Mumbai Masters took a winning 3-1 lead over Delhi Smashers in the Indian Badminton League match at the NSCI courts, in Mumbai, on Tuesday night.
Zainub Priya Dala was hit in the face with a brick last week after she praised Rushdie's writing at a school in Durban, a city on the country's east coast.
Any revision in loan rates would be visible next month.
RBI is closely monitoring monsoon.
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