- Reuters•27 days ago
State Bank of India, the nation's top lender by assets, expects no nasty surprises on bad loans after merging five subsidiary banks with itself at the weekend in a deal that will help it save costs and gain scale, senior executives said. The government-driven move to merge State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore with SBI, which already owned majority stakes in the units, is seen as the beginning of consolidation in India's public sector banks.
- IANS•29 days ago
Mumbai, April 1 (IANS) The State Bank of India (SBI), the country's largest lender, started functioning as unified entity from Saturday post merger of its five associate banks, besides Bharatiya Mahila Bank. The five associate banks merged with the SBI are State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore.
- IANS•last month
Mumbai, March 22 (IANS) The Bharatiya Mahila Bank will be merged with the State Bank of India on April 1, along with five associate banks, the Reserve Bank of India (RBI) said on Wednesday. "All branches of Bharatiya Mahila Bank (BMB) will function as branches of the SBI from April 1. Customers, including depositors of BMB, will be treated as customers of SBI," the RBI said in a statement here.
SBIN.NS : Summary for STATE BK OF INDIA INR1 - Yahoo Finance
State Bank of India (SBIN.NS)
NSE - NSE Real Time Price. Currency in INR
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|Day's Range||282.50 - 290.75|
|52 Week Range||166.40 - 298.75|
|PE Ratio (TTM)||50.03|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|