#1
17th November 2016, 06:04 PM
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Merger Of SBH With SBI
Hii sir, I wants to get the Information About the Mergers of the Associate banks of the State bank of India Is State bank of Hyderabad Is one of the Associates bank of State bank of Hyderabad ?
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#2
17th November 2016, 06:26 PM
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Re: Merger Of SBH With SBI
yes, State bank of Hyderabad is one of the Associate bank of the State bank of India the Information About the Merger of the State bank of India is given below The Union Cabinet approved the merger of five associate banks — State Bank of Bikaner and Jaipur, State Bank of Travancore, State Bank of Patiala, State Bank of Mysore and State Bank of Hyderabad as well as Bharatiya Mahila Bank with State Bank of India, according to TV reports. SBI cleared proposal for merger of subsidiary banks and Bharatiya Mahila Bank. In the Words of the Arundhati Bhattacharya, chairman , SBI “The merger of SBI and its associate banks is a win-win for both. While the network of SBI would stand to increase, its reach would multiply. One can expect efficiencies to be created from She further added customers of associates and subsidiaries of the Bank will also be beneficiaries. Any introduction of new technology by SBI would simultaneously be available uniformly. The scale of operations and common cost would get rationalised. Overall, the synergies being pooled at one place are going to be a big positive,” she added. Shares of State Bank of Mysore closed 20 per cent up at Rs 547.90. State Bank of Travancore and State Bank of Bikaner and Jaipur settled 19.99 per cent up each at Rs 478.90 and Rs 599.60, respectively. Shares of State Bank of India surged 3.90 per cent to Rs 215.65, whereas the BSE Bankex index advanced 1.38 per cent to 20,525.10. |