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Cabinet approves merger of associated banks with SBI

Though the NDA government is taking undue delay in taking decisions on the recommendations of the VII CPC, on the justified demands of the working class and also stopping the high price hike, it is...

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Banks get increased revenue from ATMs

It is reported that the State Bank of India (SBI) has got Rs. 310.44 crores from ATM transactions in 2015-16, 47% more than last year. The case with other banks will not be different. The Banks are...

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Protest Against the attack on the SBT employees

The employees of the State Bank of Travancore (SBT) are on agitation against the decision of the Government to merge it with SBI. The government has decided to merge all its affiliated 5 banks with SBI...

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Stop this move to close SBI Branches.

It is reported that about 400 branches of SBI has been closed and some more are going to be closed, in the name of reducing expenses and on the plea that there are many branches in the same city...

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Merger of two state banks on the govt. agenda

Shri Vinod Rai, Chief of Banks Board Bureau and former CAG, has stated that two PSU state banks headquartered at Mumbai are proposed to be merged. This is not a new proposal as such. The government had...

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Cabinet Approved Merger of Affiliated Banks with SBI

Despite strong opposition from the bank employees and their unions, the Cabinet has reiterated its decision today, 15th February 2017, to merge the following 5 affiliated banks with State Bank of...

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VRS/CRS in SBI after merger of associated banks with SBI

After the associated banks have been merged with it, SBI has started VRS for thousands of  employees. About 450 temporary/ casual employees of the former State Bank of Travancore has already been...

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Merger of PSU Banks in the Govt. Agenda

After the merger of the Associated Banks and Mahila Bank with SBI, the government is proposing to merge the Nationalised Banks. Two or three PSU Banks are planned to be merged in to one. The Finance...

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Disinvestment of SBI this year – SBI Chairman

Smt. Arundhati Bhattacharya, Chairman of SBI has stated that shares of SBI will be sold this year and the process is being considered. It will be worth$ 2.3 billion, she said. The merger of Associated...

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Interest rate on SBI savings reduced

One more attack on the savings of the people! State Bank of India has reduced the interest rate of saving bank accounts from 4% to 3.5%, while retaining the 4% rate for those accounts having more than...

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