State Bank Of Hyderabad

The CBI has alleged that Uday Krishna Steel Rolling Mills had availed of various credit facilities from State Bank of Hyderabad but did not repay, thereby alleged causing a loss of Rs 53.81 crore (approx) to the bank.

About 15,000 staff from SBI associates request for transfers

About 2,800 SBI’s associate employees have opted for voluntary retirement scheme (VRS) of the total 12,500 eligible for the scheme.

After merger with associate banks, SBI opens as one bank

The associate banks which merged with the SBI are State Bank of Patiala, State Bank of Bikaner and Jaipur, State Bank Of Hyderabad, State Bank of Mysore and State Bank of Travancore.

Five associate banks, BMB merge with State Bank of India

State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP) and State Bank of Travancore (SBT), besides Bharatiya Mahila Bank (BMB), merged with SBI with effect from April 1, the bank said in a statement.

State Bank of Travancore to bid adieu tomorrow

The official, however, assured customers that they need not worry, adding that there would not be any change in their accounts, passbooks and cheque books. The State Bank of Travancore has about 14,000 employees on its payroll, he added.

SBI, associates to sport new logo from April 1. Here's what it looks like

From April 1, five associate banks of State Bank of India (SBI) will be sporting the SBI signage and logo, with its iconic keyhole set against a navy blue backdrop.

Mawana Sugars now in discussions with State Bank of Hyderabad for debt settlement

The current debt is at Rs 280 crore, says Siddharth Shriram, Chairman of Mawana Sugars in an interview to CNBC-TV18's Mangalam Maloo and Reema Tendulkar.

Associate banks' branches to become SBI branches from April 1

“Customers, including depositors of State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore will be treated as customers of State Bank of India with effect from April 1, 2017,” the RBI said in a notification.

SBI to tap overseas bond market again;eyes $1.5 bn in dollar debt

In a BSE filing this evening, the bank said its "executive committee of the central board will meet on March 24 to examine the issuance of RegS bonds worth USD1.5 billion for a tenor not exceeding 5.5 years in fiscal 2018."

SBI to hike minimum balance for savings A/c; hit 310 mn people

State Bank of India has decided to increase manifold the minimum balance required for maintaining savings account from April 1, hitting 31 crore depositors including pensioners and students.

SBI, associate banks merger: Share swap record date Mar 17

State Bank of India today fixed March 17 as the record date of share swap for the merger of its 5 associate banks with itself.

Merged SBI entity may reduce job hirings by 30,000

The State Bank of India (SBI) merger with its five associate banks is likely to close the door to future job recruitments at the merged entity.

SBI to merge with associates from April 1

State Bank of India (SBI) will merge its five associate banks with itself from April 1, in the largest consolidation exercise in the banking history of India.

Ahead of merger with SBI,associate SBT to raise up to Rs 600cr

Ahead of its proposed merger with parent SBI, State Bank of Travancore (SBT) will raise up to Rs 600 crore to shore up additional tier-I capital by issuing Basel compliant bonds on private placement.

Ahead of merger, SBI arms to offer voluntary retirement to staff

State Bank of India‘s (SBI) five associate banks will offer voluntary retirement schemes (VRS) for their employees before the date from which the merger will be effective. The date for the merger is yet to be notified.

SBI & associate banks shares soar 3-13% as Cabinet clears merger

State Bank of India has received Cabinet approval to merge its five subsidiaries, which will make the bank among top 50 banks in the world.

Consolidation in PSU banks a long drawn process: Rai

Terming consolidation in public sector banks a "long drawn process", Banks Board Bureau (BBB) chief Vinod Rai said it should gather momentum in 2-3 years.

Merger of associates on track despite demonetisation: SBI MD

The merger of five associates and the Bharatiya Mahila Bank (BMB) is planned to be wrapped up by 2016-17 end.

SBI expects RBI nod on merger of associate banks soon

The detailed merger plan, including financial implications, HR and asset-liability issues are being vetted by the RBI, sources said, adding that the approval from the central bank is expected anytime soon.

Pressure may to continue for a week for exchange of notes: SBH

"There were long queues at most of the important branches across Telangana, Andhra Pradesh, Karnataka and Maharashtra. It may continue for a week. General Managers have been given power to extend branch timings if required.

Pay income tax dues in advance to avoid last minute rush: RBI

RBI said remitting I-T dues towards the end of December every year becomes too far heavy and makes difficult for it to cope with the pressure of issuing receipts despite opening additional counters to the maximum extent possible.

Associate banks to soon submit report on amalgamation to RBI

The board of the directors has considered the report of the expert committee set up to look into the written objections from shareholders in terms of the Grievance Redressal Mechanism set up as part of the scheme of acquisition, SBBJ said in a regulatory filing on stock exchanges today.

Rs 11,500 cr crop loans disbursed in Telangana this season

State Finance Minister E Rajendar who attended a meeting of SLBC here today requested the banks to complete the targeted lending for Kharif by the end of September, a press release from SBH said.

Govt to go ahead with merger of SBI subsidiaries, BMB: Jaitley

"All procedure will be followed. The government has already taken decision at the level of the Cabinet to fully support the proposal for the merger," Jaitley told reporters post the meeting with public sector banks for the first quarter performance review.

Telangana against merger of State Bank of Hyderabad with SBI

Telangana government is against the proposed merger of State Bank of Hyderabad with the parent SBI, state's Finance Minister Etela Rajender said today.