Moneycontrol.com >> Messageboard >> Stocks >> SBI >> SBI--SBS merger is on cards

CNBC TV18 Matrix

SENSEX

NIFTY

Refresh

Search: Messages Stock Boarder
Post a Message \| Explore Forums \| Browse Stock Messages \| Hot Discussions \| Top rated Messages \| Top Boarders

Ads by Google

Moneycontrol.com >> Messageboard >> Stocks >> SBI >> SBI--SBS merger is on cards

You are here :

Moneycontrol

MMB

Stocks

SBI Most active discussions of 2006 , 2007 & 2008

SBI--SBS merger is on cards (1) 25-Jul-08 02:48

Tracked by (0)

Posted by: Leave it. on ( 25-Jul-08 02:48 )
Price : BSE: Rs 1478.35 ( -4.24 % ), NSE: Rs. 1478.80 ( -4.18 % )
Cabinet okays SBI, State Bank of Saurashtra merger--- Business line reports today. An extract is given below for immediate attention. Perhaps can it be the reason for the CMP of SBI to move down in yesterday trading? With the Left parties no longer in the picture and new allies coming into its fold, the UPA Government has been encouraged to take a legislative route to facilitate State Bank of India�s (SBI) acquisition of State Bank of Saurashtra (SBS) The Union Cabinet on Thursday gave its nod for issuing an order for the introduction of a Bill in Parliament for repealing the State Bank of Saurashtra Act, 1950.It will be called State Bank of India (Subsidiary Banks) Amendment Bill 2008. The boards of both the banks had earlier approved the proposal �The merger of State Bank of Saurashtra with State Bank of India (SBI) would enable it to scale up in terms of footprint, manpower and other resources. It would also enable it to face competition arising from globalisation of the economy, apart from augmenting efficiency and enabling better management of risk�, Mr Priyaranjan Dasmunshi, told reporters here after the Cabinet meeting. SBI unions have opposed the merger. The SBI-SBS transaction is an important test case in the consolidation efforts of the SBI group. Our finance minister has started to act as quickly as possible. His next step may be to have subsidiaries are merged to form a single State Bank of India to look as big as possible in the eyes of the world. This step will lead to consolidate other PSU banks too and to allow tne FDI to have greater share in banking and Insurance. It is certain that banking sector will have to face a change for a change of face. V.Krishnamoorthy

Track Post | Reply to this post | Track Boarder | Click if Offensive | Rate message

Feedback

Make this your Home

Boarders Outlook on SBI

positive outlook

amigo185 | sarawanan2000 | dis

Songs Videos Games

NEWS	CNBC TV18 SPECIALS	EARNINGS	IPO
Business News	Udayan's Comments	Earnings Calendar	News
Earnings	Analyst Comments	Results	Red Herring Doc
Rupee Updates	Editors' Columns	Pre Result Poll	Calendar
Economic Updates	Market Interviews	Management Interviews	Expert Advice
Political Updates	Stock Interviews		Prospectus
BSE & NSE Notices	Management Interviews		Ratings
Press Releases	All Interview Transcripts		Performance Tracker

MARKETS	MF	PF
Indian Markets	MF News	Tax Planning
Global Markets	MF Portfolio Updates	Investing in Stocks
ADRs/ GDRs	MF Dividend Updates	Investing in Funds
Pre Market Cues	NFO Information	Investing a Property
Post Market Cues	MF Sebi Circulars	Buying an Insurance
F&O Markets	Reviews by AMCs	Taking a Loan
Stocks In News	MF Analysis	NRI Corner
Technical Calls	MF Interviews	Expert Columns
Hot Stocks	MF Meter	Tools & Calculators
Stock Views	MC Fund Rating	Videos
Brokerage Reports	Learning Centre	Galleries
Market Stats		Quizzes
FII Interviews		PF Forum
Market Interviews

Boarders Outlook on SBI

13 queries on SBI

More from the Banks - Public Sector Sector

Boarders tracking SBI

News Updates on SBI

Explore Moneycontrol