SBI has been included in the list because of its exposure to Orbital ATK, a US-based company specialising in ammunition
State Bank of Mysore, State Bank of Travancore and State Bank of Bikaner & Jaipur were up more than 15% each.
The bank to consider assistance of up to Rs 3 cr to an Indian registered company for promoting their business innovations
This announcement comes against the backdrop of a greater thrust from the Centre on developing the start-up ecosystem
Employee integration, branch rationalisation major challenges
SBI will also take over Bharatiya Mahila Bank; merged entity will have asset base of Rs 37 lakh cr
State Bank of Mysore, State Bank of Travancore and State Bank of Bikaner & Jaipur surged between 13%-16% on the BSE
More than 30,000 of these terminals are contactless terminals
However, benefits from merger including Bharatiya Mahila Bank will outweigh costs
SBI chief Arundhati Bhattacharya doesn't see any extraordinary pressure on NIM
While there is nothing exciting in the results, investors have given a thumbs up to the stock as they believe that the worst is over for the largest bank in the country
UPI aims to transform the digital money segment; it is set to make money transfers as simple as sending text messages
The employees of all the associate banks of SBI are protesting under the banner of All India Bank Employees Association
The global credit rating agency says that the merger will have limited impact on bank's credit metrics
Merger of 5 associate banks with itself will have to overcome various hurdles; synergies will flow only in longer term
The Madras High Court is expected to issue an order related to this today
The boards of SBI and the associate banks met individually on Tuesday to take a call on the proposed merger and begin talks
Lack of clarity on valuations, possible increase in operating costs will weigh on SBI stock, say analysts
State Bank of Travancore, State Bank of Mysore and State Bank of Bikaner & Jaipur were up 3%-5% on the BSE
Five associates, Mahila Bank to push up assets to Rs 37 lakh crore, merger may be completed in FY17; unions call strike on May 20