Page 40 - Sbi

Low credit growth, high GDP suggest decoupling: SBI

Loan growth plummeted to a whopping six decadal low of 5.08 per cent in fiscal 2017

SBI slips on tractor loan settlement plan

Crop failure and inability to deploy tractors were some of the reasons for the loans turning bad

SBI's VRS offer gets tepid response

Mumbai, 14 AprilThe Voluntary Retirement Scheme (VRS) offer for employees of State Bank of India's associate banks, now formally merged with the parent, has had a relatively poor response.A not-so-good package and a weak job market has held back many who of the 12,500 who were eligible from putting in their papers; only 3,500 have finally opted for it. While 4,300 had applied till the final date of April 5, around 800 of them withdrew applications by April 12, the last day for doing so.A top SBI official said the response was below (about 50 per cent) expectation but this was not a problem, as those who have stayed back are not a burden. Many have significant experience, handy to manage the merger transition. The bank would be look at skill and experience profile for deciding postings, the official said. All the five entities -- State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore, in addition to ...

SBI merger: Hyderabad HC stays absorption of associate banks' officers

Scheme for absorption of 30,000 officers of five associate banks initiated by SBI hit a speed bump

SBI sees profit up to Rs 3,000 cr in 3 years after associates merger

Arundhati Bhattacharya expects cost and efficiency gains from the absorption of associate banks

SBI merger may spill over to next financial year

Consolidation of books to take 30 days from announcement of merger date

SBI Bareilly branch opened 2,000 accounts to channelise black money: CBI

At least Rs 8 crore were deposited in old notes in these accounts

Base rate cut by SBI, HDFC a smart move: Investment banking firm Jefferies

Since April 1, 2016, the banks have reduced their MCLR by around 60-125 bps

RBI should step in

Not maintaining MAB will invite penalty ranging from Rs 20 (rural branches) to Rs 100 (metro cities)

SBI unveils new branding after merger of 6 entities

The monogram has been refined for greater clarity and ease of use

After merger with associates, SBI to prune cost-to-income ratio to 46%

Merged entity will have deposit base of more than Rs 26 lakh crore

SBI hikes minimum balance for savings account; others may follow

Charges will also apply to customers of 5 erstwhile associates and Bharatiya Mahila Bank

SBI to begin FY18 as banking behemoth

Branch rationalisation consequent to the merger would be spread over in FY18

SBI raises $500 mn in 3-year dollar debt

The Reg S bond programme has been sold through its London branch and is priced at Libor plus 95 bps

SBI spent Rs 775 crore in maintaining Jan Dhan accounts, says govt

Minister said number of zero balance Jan Dhan accounts was 6.32 cr as on Dec 28, 2016

SBI workforce may see 10% reduction by 2019; hiring to fall by 50%: MD

However, SBI MD Rajnish Kumar ruled out any lay-offs

SBI Life plans IPO; SBI to dilute 10% in insurer

Executive committee of central board accorded in-principle approval for IPO of shares, says SBI

Merger benefits to accrue only from Q3 2017-18: SBI MD Dinesh Kumar Khara

The bank's market share will shoot up to 23 per cent from the current 17 per cent

Ahead of SBI merger, State Bank VRS scheme to remain open for a short time

Available for those who put in 20 years of service or completed 55 years of age as on Feb 28, 2017

Bharatiya Mahila Bank to be merged with SBI from Apr 1

This, to ensure greater banking outreach to women