It was part of rationalisation post merger of six associate banks
State Bank of India (SBI) (NSE: SBI) has said that it cannot rule out write-offs on account of its merger with five associate banks
State Bank of India (SBI), which merged its five associate banks
- 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) - and Bharatiya Mahila Bank (BMB), earlier this month, is gearing up to offer seamless banking services to its non-resident Indian (NRI) customers.
Summary: State Bank of India seems to be biting off more than it can chew by merging five associate banks
Opposing the central government's decision to merge State Bank of India's (SBI) five associate banks
with the former, around 45,000 employees of the associate banks
will strike on July 12, said a top official.
of State Bank of India (SBI) (NSE: SBI) are to be merged.
New Delhi: State Bank of India said on Tuesday that customers of erstwhile associate banks
and those of Bharatiya Mahila Bank (BMB) will have to update their cheque books on or before March 31.
Global Banking News-September 23, 2016--IT integration of SBI and associate banks
to finish by December
New Delhi: Cheque books of account holders of SBI Associate banks
that include Bharatiya Mahila Bank, State Bank of Patiala, State Bank of Mysore, State Bank of Bikaner and Jaipur, State Bank of Raipur, State Bank of Travancore, and State Bank of Hyderabad will not work post December 31.
The bank's associate banks
were told to align the classification of loans with the parent bank, even if it requires them to take a hit on their bottom-line.