Associate Banks News

Companies

Bank merger: BoB, Dena, Vijaya to decide on organizational structure next week

Chief executives of Bank of Baroda, Vijaya Bank and Dena Bank will meet next week to discuss a plan to increase the number of organizational layers in the entity resulting from their merger

2 min read30 Nov 2018
Industry

SBI changes names, IFSC codes of nearly 1,300 branches post merger

A total of 1,295 branches have been changed across the country as per the SBI list enlisting the old and new IFSC codes after merger with associate banks and BMB, as per the list on its website

1 min read27 Aug 2018
Industry

SBI: Write-offs on account of merger with associate banks cannot be ruled out

Any write-downs or write-offs on account of merger with associate banks could have a negative impact on financial condition and results of operations, says SBI

1 min read13 Jun 2017
Industry

SBI merger with associate banks may further deteriorate asset quality

Merger of retail loan portfolio of associate banks with the parent bank is likely to worsen the latter's asset quality, a sign that bad loan clean-up is not yet over at SBI

2 min read12 Jun 2017
Market

Bad loans of SBI’s associate banks weigh on fourth quarter results

State Bank of India's strong performance in the fourth quarter has failed to cheer investors due to the large stock of bad loans of its associate banks

2 min read23 May 2017
Industry

RBI governor Urjit Patel bats for public sector bank mergers

The SBI merger with its five associate banks is seen as the likely first step in the consolidation of India's banking system riddled with Rs7 trillion of bad loans

2 min read26 Apr 2017
Market

SBI shares close at 25-month high on merger with five associate banks

The SBI shares closed at ₹296.70, a level last seen on 3 March 2015, up 1.21% from the previous close

1 min read6 Apr 2017
Industry

SBI completes asset quality review of associate banks post merger

SBI chairperson Arundhati Bhattacharya says an audit will take place on 24 April post which every week one bank will be taken for granular data merger

1 min read3 Apr 2017
Industry

Five associate banks, BMB merge with SBI

Five associates and the Bharatiya Mahila Bank (BMB) became part of the SBI today, catapulting the country's largest lender to among the top 50 banks in the world

2 min read1 Apr 2017
Industry

Signs of change at SBI, associate banks ahead of merger

SBI is undergoing a rebranding exercise, under which its getting a redesigned logo, and launching an ad campaign from 1 April ahead of its merger with associate banks

3 min read31 Mar 2017
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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