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Govt Gives Green Signal To Merger Of SBI, 5 Associate Banks
Seeking to create a global-sized bank, the Cabinet on Wednesday gave the go-ahead to the merger plan of SBI and its five associates, a step aimed at strengthening the banking sector through consolidation of public banks. However, no decision was taken ...
SBI Slashes Lending Rate By 0.9 Per cent
Flush with higher deposits following demonetisation, the country's largest lender State Bank of India (SBI) slashed its benchmark lending rate by 0.9 per cent across various maturities. The bank has reduced marginal cost of funds based lending rate (MCLR) from 8.90 ...
State Bank Of Travancore Cuts Lending Rate By Up To 0.3%
State Bank of Tranvancore (SBT), a subsidiary of SBI, on Friday slashed benchmark lending rate by up to 0.3 per cent. The bank has reduced marginal cost of funds based lending rate (MCLR) by 0.25 per cent from 9.45 per cent ...
State Bank Of Mysore Shares Crash 10% On Merger With SBI
Shares in State Bank of Mysore (SBM) crashed 10 per cent, following the merger of the bank with State Bank of India (SBI). Investors were not too happy with the number of shares that shareholders of State Bank of Mysore would ...
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