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  • About 15,000 staff from SBI associates request for transfers Apr 03, 2017 06:08 PM IST

    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 Apr 03, 2017 11:13 AM IST

    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 Apr 01, 2017 03:21 PM IST

    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 Mar 31, 2017 03:12 PM IST

    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 Mar 31, 2017 11:47 AM IST

    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.

  • State Bank of Travancore raises Rs 300 cr via bonds Mar 31, 2017 07:54 AM IST

    State Bank of Travancore raises Rs 300 cr via bonds

    In a BSE filing it said the bank was intended to raise up to Rs 600 crore through issuance of additional tier I bonds.

  • SBI expects 6,000 employees to opt for VRS as it readies to merge with associates Mar 29, 2017 10:46 AM IST

    SBI expects 6,000 employees to opt for VRS as it readies to merge with associates

    A senior executive of SBI said, "The employees opting for VRS is on expected lines. We have estimated about half or 50 percent of the employees taking that option. You can say about 6,000 employees may opt to take it up."

  • Associate banks' branches to become SBI branches from April 1 Mar 21, 2017 08:47 AM IST

    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 Mar 21, 2017 08:25 AM IST

    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 Mar 06, 2017 06:46 PM IST

    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 Mar 03, 2017 07:58 PM IST

    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 Mar 03, 2017 11:20 AM IST

    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 Feb 23, 2017 07:46 PM IST

    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.

  • M K Bhattacharya joins Indian Bank as ED Feb 23, 2017 05:14 PM IST

    M K Bhattacharya joins Indian Bank as ED

    Public sector Indian Bank today announced the appointment of M K Bhattacharya as its Executive Director with immediate effect.

  • SBI merger may be delayed as banks yet to seek CCI approval Feb 20, 2017 08:48 AM IST

    SBI merger may be delayed as banks yet to seek CCI approval

    The merger of State Bank of India and its associate banks such as State bank of Travancore is likely to be delayed further as the PSUs are yet to receive approval from the Competition Commission of India (CCI).

  • Ahead of merger with SBI,associate SBT to raise up to Rs 600cr Feb 18, 2017 04:48 PM IST

    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 Feb 17, 2017 04:02 PM IST

    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.

  • Bhel, Idea to move out of Nifty 50 from Mar 31 Feb 16, 2017 07:40 PM IST

    Bhel, Idea to move out of Nifty 50 from Mar 31

    State-run BHEL and telecom major Idea Cellular will move out of National Stock Exchange's Nifty 50 index from March 31.

  • SBI merger: What new entity will look like Feb 16, 2017 06:13 PM IST

    SBI merger: What new entity will look like

    The Cabinet has approved the long-awaited merger of State Bank of India and its five associate banks. The merger will give a new look to the state-owned bank while creating a Rs 32-lakh crore banking giant.

  • Govt paves way for SBI, associates merger but challenges remain Feb 16, 2017 03:49 PM IST

    Govt paves way for SBI, associates merger but challenges remain

    State Bank of India, country‘s biggest bank is set to become even bigger, with the Cabinet approving its merger with its five subsidiaries on Wednesday.

  • SBI & associate banks shares soar 3-13% as Cabinet clears merger Feb 16, 2017 09:33 AM IST

    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.

  • Stocks in news: SBI, TCS, Tata Steel, Cipla, SBT, SBBJ, Cyient Feb 16, 2017 08:00 AM IST

    Stocks in news: SBI, TCS, Tata Steel, Cipla, SBT, SBBJ, Cyient

    SBI | TCS | Sun Pharma | Tata Steel | Cipla | Hindalco Industries | Petronet LNG | State Bank of Bikaner and Jaipur | State Bank of Mysore | State Bank of Travancore | Cyient | Reliance Defence and Bharat Forge are stocks, which are in the news today.

  • Cabinet approves merger of SBI, 5 associate banks Feb 15, 2017 08:21 PM IST

    Cabinet approves merger of SBI, 5 associate banks

    The merged entity will create a banking behemoth, one-fourth of market share in India‘s banking sector (in terms of loans and deposits), with an asset base of about Rs 40 lakh crore from Rs 23 lakh crore.

  • Cabinet gives nod to SBI merger with associates Feb 15, 2017 07:33 PM IST

    Cabinet gives nod to SBI merger with associates

    The Cabinet has given approval to the merger of State Bank of India with its five subsidiaries, Finance Minister Arun Jaitley announced on Wednesday.

  • State Bank of Travancore to raise Rs 600 cr via bonds Feb 14, 2017 05:52 PM IST

    State Bank of Travancore to raise Rs 600 cr via bonds

    SBI associate State Bank of Travancore (SBT) plans to raise up to Rs 600 crore by issuing Basel III-compliant bonds to augment its tier-I capital.

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