Skip to main content

Merger with associate banks to add Rs. 8 lakh crore to asset: SBI

 Naresh Sagar
State Bank of India on Saturday said the ongoing merger of five of its associate banks and Bharatiya Mahila Bank will add Rs. 8 lakh crore or 120 billion dollar to its assets and will create a banking behemoth of global scale.
 
The bank also said the merger of State Banks of Bikaner and Jaipur, Travancore, Patiala, Hyderabad and Mysore, and also of Bhartiya Mahila Bank, a bank for women set up in November 2013, will lead to a 36 per cent increase in the SBI’s total assets at about 447 billion dollar.
 
The bank said, mergers will dwarf ICICI Bank assets to just one-fourth of SBI and will also catapult the bank into the top 50 banks globally.
 
The combined entity will have network of over 24,000 branches with 2,70,000 employees and 58,000 ATMs serving over 50 crore customers.
 
This Thursday, the board of SBI had cleared the merge plan, and last month, the Cabinet had cleared the merger plan.

Comments

Post a Comment

Popular posts from this blog

Discipline Virat can win WCC JUNE 24, 2019 Monsoon in day reach Lucknow Pranati- win the bronze medal M7.3 Earthquake – Banda Sea https://sagarmediainc.com/ INVITATION | LAUNCH OF “SWACHH MAHOTSAVA” CELEBRATIONS BY SH. GAJENDRA SINGH SHEKHAWAT, UNION MINISTER, JAL SHAKTI | 3.45 PM , MONDAY, 24 JUNE | VIGYAN BHAWAN, DELHI Invitation for a discussion on “Emergency: Darkest Hour in Indian Democracy” : S Gurumurthy, Chairman, VIF & Dr A Suryaprakash, Chairman, Prasar Bharti on Monday, 24th June 2019 17.30 NMML Invitation _Dr. Prabha Ravi Shankar_“G.A. Natesan (1873-1949): ‘Old and Dear Friend’ of Mahatma Gandhi”_24 June 2019_3.00pm  CPR and CSH are pleased to invite you to a workshop on ‘Whims of a Digital Boss: The Story of Insecure App-Based Workers in Delhi’ Speaker:  Akriti BhatiaTuesday, 25 June 2019, 3:45 p.m. Centre for Science and Humanities (CSH), 2, Dr APJ Abdul Kalam Road, (formerly Aurangzeb Road) What are the Priorities ...
Post a Comment
20
o: MS&KOINDO Bcc: nksagar_1@yahoo.com 27 May at 1:58 pm KOREA-Jeollabuk-do , Business DELEGATION, 2019 The Lalit Hotel,  New Delhi. Wednesday, 19th June, 2019;  10:00 am –  05:00 pm Dear Sir/Madam, Greetings on the belalf of Jeollabuk-do Business Agency, Korea. We are pleased to inform you that  Jeollabuk-do Business Agency, Korea , New Delhi office is organizing a “One-to-One Business Meeting Program”, on 19 th  June, 2019, which comprises of 10 leading Korean companies. We invite you to join in and explore the opportunities for Direct Imports, Marketing Tie-ups and Joint Venture possibilities with below Korean companies. Korean companies visiting India are: Korean Company Products website 1.     BADAHYANG Co., Ltd, Food http://badaseafood.com 2.     IM CO., LTD., Home Accessories http://en.im-coco.com/ ,  http://ip.im-coc...
Post a Comment
20
Invitation for Vimarsha on 'New templates for India's National Security Management' by Amb PS Raghavan, Chairman, NSAB on Thursday 13th June, 2019 at 5:00pm at  June 11, 2019   No comments:      Email This BlogThis! Share to Twitter Share to Facebook Share to Pinterest at  June 11, 2019   No comments:      Email This BlogThis! Share to Twitter Share to Facebook Share to Pinterest You are cordially invited for a media briefing with Mr. Gajendra Singh Shekhawat, Union Minister for Jal Shakti on issues of  Rural Drinking Water Supply, Water Resources Conservation and Swachh Bharat Mission (Grameen). Date: June 11, 2019 (Tuesday) Time:                         01:00 PM Venue: Vigyan Bhawan, New Delhi Regards, Saloni Sachdeva Public Af...
Post a Comment
20