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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…
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…
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…
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 …
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…
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…
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…
PTI
Who is becoming SBI’s new chief after Bhattacharya?
This also includes chairman and one managing director of the SBI, which alone has markshare…
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
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…
SBI To Acquire UTI Mutual Fund
The country’s largest state-run bank had mooted the proposal to the Department of Financial Service…
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
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…
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,…
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
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…