Anshula Kant, Deputy Managing Director and CFO of SBI said move is part of the the bank's plans to raise capital.

Need pools of profit to tackle NPA menace: SBI's Arundhati

While recovery in the banking sector will be attainable in less than 5 years, real challenge is to create more employment in today's time, SBI chief Arundhati Bhattacharya told banking conference moderator Latha Venkatesh.

NPA of consolidated book may be 50 bps higher post merger: SBI

Larger gains from the merger of associate banks will be seen only over 1-2 years, B Sriram, MD and Group Executive- National Banking at State Bank of India.

NPAs of associate banks to weigh on SBI: Religare Capital

While many cost synergies may arise out of the merger, being a public sector bank, it cannot fire redundant employees, notes Parag Jariwala of Religare Capital, adding, pension-related costs will also inch up.

SBI aims to maintain margin, complete merger process by FY17-end

SBI's margins have been impacted due to slippages but are expected to improve with growth in advances, says Chairman Arundhati Bhattacharya.

54% of CPI basket will be completely exempt from GST: CEA

Speaking to CNBC-TV18, Arvind Subramanian, Chief Economic Adviser to the Government of India, clarified that he had recommended a range of standard Goods and Services Tax rate between 17 percent and 19 percent.

Targetting road construction of more than 10000kms this yr: NHAI

NHAI has seen bidding complete for 50 projects, awarded 11 and has invited 15 bids this financial year, says NHAI Chairman Raghav Chandra, adding, NHAI has a construction target of more than 10,000 km of roads for FY17.

World Bank's $1-bn loan a boost to solar space: Ujaas Energy

For the first time, funds of this scale have been assigned to the solar sector in any country, said Anurag Mundra, Joint Managing Director and Chief Financial Officer of Ujaas Energy.

Pay hikes to boost retail loan growth by 17-20%: SBI

With monsoon playing well and implementation of 7th Pay Commission, growth trajectory is coming back in the economy, says VG Kannan, Managing Director of SBI.

Market under-estimating negatives from SBI merger: Hazari

The senior management's focus will now shift from recovering SBI's non-performing assets (NPAs) issues to the 7 branches merged and its 70,000 employees, says Hemindra Hazari of hemindrahazari.com.

Merger to reduce duplication, to be complete by March 2017: SBI

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

Credit growth to follow growth pick-up: SBI Chief

Arundhati Bhattacharya, Chairman of SBI said that the bank is certain of recovery going forward as business confidence has been upbeat lately.

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.