The bank will now start working on a merger process which will be completed by March 2017, says VG Kannan, Managing Director & Group Executive, SBI.

Deposit rates just as important as lending rates: SBI

Speaking to CNBC-TV18, VG Kannan of State Bank of India said the bank is in advanced talks to set up a stressed asset fund. RBI approvals have come and it will be a matter of weeks before the fund will be set up, he said.

Likely to see 70-75% slippage in Rs 31k cr watchlist: SBI

The bank has exposure of over Rs 1.36 lakh crore to the power sector with nearly Rs 60,000-70,000 crore to good stable companies, says B Sriram, MD & Group Executive-National Banking

Merger with SBI to take 9 months; employee wages to change: SBBJ

Post the proposed merger, State Bank of Bikaner and Jaipur's (deposit and lending) rates will also fall in line with SBI‘s, says Jyoti Ghosh, Managing Director of the former.

Enough is enough as far as GST proceedings go: Arun Jaitley

In a free-wheeling chat with CNBC-TV18's Shereen Bhan, the Finance Minister said that even if Congress doesn't support GST Bill, he will allow Parliament to do its job. Among other topics, he spoke on the need for consolidation among public sector banks.

Associates' merger to improve efficiency, aid financially: SBI

The merger will cut out overlaps with six treasuries being bundled off into one and provide scope for branch rationalisation, said Arundhati Bhattacharya, Chairman of SBI after bank's board gave in-principle approval to merge Bhartiya Mahila Bank and five associates with itself.

Merger of associate banks not on table this year:SBI

Management of non-performing assets and credit growth has to happen simultaneously and the bank is looking at resolving the same by either rectification or resolution, says SBI MD B Sriram.

JP Associates sells cement assets to UltraTech at Rs 15900 cr

Speaking to CNBC-TV18, Atul Dagga, CFO of UltraTech Cement, said the total capacity of the company post the acquisition will go up to 90 mtpa.

JP Associates deal to boost UltraTech capacity: Angel Broking

Sharing his views on Vijay Mallya's debt repayment plan, Siddharth Purohit, Senior Research Analyst, said that the question will shift to how the deal is structured and the source of payment.

RBI call rings: SBI announces rates based on marginal cost

State-run lender SBI today announced a move towards marginal cost of funds based lending rates (MCLR), with effect from April 1, 2016, in line with a Reserve Bank policy that called for a shift to the new regime.

New lending rate rules unlikely to impact margins: SBI

The new regime, however, won't affect the margins of State Bank of India, says its MD Rajnish Kumar, adding they (margins) would be protected through efficient asset liability management.

Savings rate cut by govt overdue, G-secs may open sub-7.5%: SBI

VG Kannan, managing director of State Bank of India expects 10-year government bond to open below 7.5 percent on Monday in reaction to the rate cut.

Q4 slippages expected to be near Q3 level: SBI

PK Gupta, Managing Director of SBI says that while Q4 slippages will be same as Q3, FY17 will have low slippages.

SBI chair: Women still face glass ceiling in finance

One of the country's leading women in high finance feels there is a lot to go before one can say women's issues have been resolved.

New RBI capital norms may push up CAR by 1%: SBI CFO

Speaking to CNBC-TV18, Anshula Kant, CFO of State Bank of India (SBI) says that the bank will have to reevaluate its real estate assets as per the new guidelines.

Recognized 50% of NPAs in asset quality review in Q3: SBI

Bhattacharya is expecting more capital from the government for public sector banks in the upcoming Budget. She says SBI will look at divesting non-core assets and paring stake in subsidiaries next yea

RBI's additional prov on overseas loans can be detrimental: SBI

Due to volatility in the international markets, RBI must have plans to restrict exposure for Indian banks through this, said VG Kannan, MD of State Bank of India.

Safeguard duty counterproductive for demand: Uttam Galva

In an interview to CNBC-TV18, Ankit Miglani, director, Uttam Galva, says the safeguard duty for 200 days has been counterproductive in reviving demand.

Will review current systems in wake of forex scam: SBI MD

State Bank of India's new Managing Director PK Gupta, says the bank will plug loopholes wherever there are shortcomings on the backdrop of the forex scam.

Banks can't fund realtors to build land banks: SBI CMD

Banks in India lend towards cash flows and not equity. State Bank of India chairman and managing director Arundhati Bhattacharya says: "We cannot be expected to lend against land just on the basis of the value of the land."

Monnet Ispat to undergo SDR; Board to meet on Nov 2

The RBI introduced the strategic debt restructuring (SDR) guidelines in June allowing banks to takeover stressed assets by converting their debt into a majority equity stake.

Larger banks too will feel heat of payment bks: AK Purwar

Former chairman of State Bank of India AK Purwar says even larger banks will start feeling the heat and pinch of this, not just midcap and small banks. In a neck and neck competition, he says: “It will become a question of survival of the fittest.”

Realty subsidiary to begin operations early next year: SBI

Sources say the bank has roped in KPMG as an advisor to set up the new subsidiary, which will look at all the real estate activities.

Kotak Mahindra, YES Bank cut base rate by 25 bps

The lower base rates for both the banks will come into effect from October 5, 2015.

State Bank of Travancore cuts base rate by 20 bps to 9.95%

The bank has cut its base rate from 10.15 percent to 9.95 percent effective October 5, 2015