Go Back   2023 2024 MBA > MBA > Main Forum

  #1  
Old 17th October 2016, 06:53 PM
Unregistered
Guest
 
Default SBI Merger

Hii Sir, I wants to get the information About the Merger of the State bank of India ?
Reply With Quote Quick reply to this message
  #2  
Old 17th October 2016, 06:53 PM
Super Moderator
 
Join Date: Mar 2013
Default Re: SBI Merger

State bank of IndiaBSE -0.97 %, the country's largest lender, on Thursday approved the merger of its operations with five of its associate banks.
Names of the Associate banks

State Bank of Bikaner & Jaipur
State Bank of Hyderabad
State Bank of Mysore
State Bank of Patiala
State bank of Travancore

About the Mergers of the State bank of India


1) This is the first ever large-scale consolidation in the Indian banking industry.

2) The merger will create a banking behemoth with an asset book of Rs 37 lakh crore.

3) SBI will give 28 of its shares for every 10 shares held of State Bank of Bikaner BSE -1.18 % and Jaipur.


4) It will give 22 of its shares for every 10 shares held of State Bank of Mysore.

5) The lender will give 22 of its own shares for every 10 shares held of State Bank of Travancore.

6) SBI will give 4,42,31,510 shares with face value of Re. 1 for every 100 crore equity shares of Bhartiya Mahila Bank.

7) The merger will see SBI's ranking approve in the Bloomberg's largest bank by asset ranking. It may well break through the 50-mark in the ranking.
Reply With Quote Quick reply to this message
Reply

Similar Threads
Thread Thread Starter Forum Replies Last Post
Merger of Syndicate Bank Unregistered Main Forum 1 4th November 2016 06:33 PM
Merger of State Bank Of Mysore With State Bank Of India Unregistered Main Forum 1 8th October 2016 11:25 AM
Bank of New York Merger with Jpmorgan Chase Unregistered Main Forum 0 17th July 2015 09:48 AM
The Bank of Rajasthan Merger With ICICI Bank Unregistered Main Forum 0 16th July 2015 03:03 PM
South Indian Bank Merger News Unregistered Main Forum 0 16th July 2015 02:27 PM
Bank Of Baroda IDBI Merger Unregistered Main Forum 0 15th July 2015 01:17 PM
Bharat Overseas Bank Merger Unregistered Main Forum 0 15th July 2015 01:11 PM
Merger of stock holding corporation of India limited with IDBI bank ltd Unregistered Main Forum 0 10th July 2015 04:50 PM
Reason For Merger Of Bank Of Rajasthan Unregistered Main Forum 0 9th July 2015 02:58 PM
ICICI Bank Bank Of Rajasthan Merger Details Unregistered Main Forum 0 8th July 2015 05:05 PM
Ey kpmg merger Unregistered Main Forum 0 7th July 2015 11:50 AM


Quick Reply
Your Username: Click here to log in

Message:
Options

Thread Tools Search this Thread



All times are GMT +5.5. The time now is 12:30 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0 PL2

1 2