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Six banks are going to merge into SBI

Marking the first ever large-scale consolidation in the Indian banking industry, the merger will re…

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This is why the Finance Minister wants to acquire more small and mid-sized banks

One of the possibilities is that large public sector banks (PSBs) like Punjab National Bank, B…

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The chairman of India’s largest bank has said that it shouldn’t absorb any more banks

SBI is India’s largest bank, holding a little under a quarter of all the assets in the banking…

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SBI cuts staff by at least 6,000; will redeploy 10,000 employees

SBI, now, wants to redeploy more than 10,000 employees keeping merger with associate banks and …

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SBI and private banks may gain customers from India's government banks' mergers

The Indian government has decided to merge 10 state-owned banks into four, a move that has been che…

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The Indian government wants to merge more public-sector banks

The Indian government has reportedly asked the RBI to draw up a list of banks that can be merg…

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FM to meet heads of merging banks on Thursday

As per the proposal, Oriental Bank of Commerce (OBC) and United Bank of India (UBI) would be merge…

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Who is becoming SBI’s new chief after Bhattacharya?

This also includes chairman and one managing director of the SBI, which alone has markshare…

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Banking services will be disrupted as two unions declare a strike tomorrow

Banking services across the country are likely to be partially disrupted on October 22 as two bank…

PTI   


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More consolidation may happen in insurance sector going ahead; SBI Life, ICICI Prudential Life among analysts top picks

So, mergers and acquisitions will be a crucial part of the growth journey as there are many insu…

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SBI To Acquire UTI Mutual Fund

The country’s largest state-run bank had mooted the proposal to the Department of Financial Service…

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Merger process major challenge for PSBs in near future: SBI chief

The four new set of proposed mergers included Punjab National Bank, Oriental Bank of Commerce and …

PTI   


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India's largest bank set to open a branch at 10,310 ft above sea level in Ladakh

“SBI is making its presence felt in areas where others fear to tread. With an indomitable spirit…

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India’s government is merging three state-owned lenders to create one of the country’s largest banks

The problems plaguing India’s public sector banks are well known. In addition to poor governance,…

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Banks' merger to come into effect from Apr 1, says Sitharaman

United Bank of India and Oriental Bank of Commerce will be merged with Punjab National Bank; Syndic…

PTI   


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SBI chief Arundhati Bhattacharya may serve for another year

"There is a need for continuity at a time when the process of consolidation is going on," sources t…