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Biggest Consolidation: BMB & 5 SBI Associates to merge with Parent SBI
With a major step taken by the Government of India, India's biggest consolidation of banks has been proposed.
The country's largest lender has five associate banks - State Bank of Bikaner and Jaipur, State Bank of Travancore, State Bank of Patiala, State Bank of Mysore and State Bank of Hyderabad.
5 SBI Associates and Bharatiya Mahila Bank will be unified into a single bank i.e they are going to
merge with the country's largest lender State Bank of India (SBI),
in which the government has a 61.32% stake.
The boards of SBI and the associate banks met individually on Tuesday to take a call on the proposed merger and begin talks. However, SBI has indicated that the decision was purely exploratory at this stage.
SBI first merged associate State Bank of Saurashtra with itself in 2008. Two years later in 2010, State Bank of Indore was merged.
SBI may merge its five associate banks - State Bank of Bikaner & Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP) and State Bank of Travancore (SBT), and the relatively-newer Bharatiya Mahila Bank (BMB) with itself. The BMB was created by the UPA government in 2013, and is a Delhi-based public sector lender, with Rs 1,000 crore in capital.
The latest merger will create a financial behemoth with assets worth Rs 37 lakh crore ($550 billion), including the fixed assets of associate banks worth about Rs 4,000 crore.
Speculation over a merger of state-owned banks has been in the air since the Finance Ministry said it plans to cut down the total number of public sector banks to about 10 or less from the current 27 to ensure that there are stronger and more efficient PSBs.
Some important points to be noted down about the Consolidation of banks:
- If the merger goes through, the combined entity will be ranked as the 45th largest bankglobally in terms of assets, up 7 ranks from its current 52nd position.
- Post the merger, the cost-to-income ratio will come down by 100 basis points a year. The cost-to-income ratio is nothing but the company's costs in relation to its income. To get the ratio, operating cost of a company has to be divided by its operating income.
- Post the merger, SBI's employee costs could rise by Rs 23 crore a month.
- The five subsidiaries have about 6,400 branches and 38,000 employees. As on 2014-15, SBI had more than 14000 branches, including 191 foreign offices spread across 36 countries, with employee strength at 2,22,033.
- This compares to ICICI Bank, India's largest private lender, having 67,857 employees as on March 31, 2015. ICICI Bank's bank branches stood at close to 4050 as on March 31, 2015.
- However, to ensure synergistic benefits are achieved, SBI will have to rationalise branch network and employees as there is some duplication of branches and costs currently.
- The All India Bank Employees' Association (AIBEA) wants the five associate entities to be merged into a separate, single large bank, instead of all of them being merged individually with SBI. AIBEA has even called for a strike on May 20, opposing the merger.
- The proposed merger is likely to be completed much before the end of the current financial year. SBI chairman Arundhati Bhattacharya expects to have a combined balance sheet for the financial year ending 2016-17.
- SBI's current balance sheet on a standalone basis stands at Rs 28 lakh crore, which will account for about 75% of the total assets of the new entity.
- SBI has already sought "in-principle sanction" from the government to enter into negotiations with subsidiary banks to acquire their businesses.
- Analysts fear the move will lead to higher operating costs in the near-term for SBI.
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Is dere any particular time frame between which obc certificate sud be prepared by candidate.. Can we take it after mains result..? pls rply frnds.
Hi all, which testseries have you joined? Which one to prefer.. Oliveboard or Practicemock?
Need to get banks in best of health, keep up growth momentum: Arun Jaitley: http://www.thehindu.com/business/need-to-get-banks-in-best-of-health-keep-up-growth-momentum-arun-jaitley/article8693565.ece
Monetary policy review: RBI likely to maintain status quo on June 7: http://www.thehindu.com/business/Economy/rbi-monetary-policy-review-raghuram-rajan-likely-to-maintain-status-quo-on-june-7/article8693424.ece Lets discuss this article... Can someone tell me what are we talking about in this article and how will it impact our economy?
Solution dedo... Ya jo diya h samjha do yaro
Permutations combinations kaa koi acha explanation ka link hai kisike paas??Dimag kharab ho gya but samajh nai aya
hw to know in i/p and o/p questns where dere is some logic or just simple re-arangement
Interview cancel hone se exam cancel hone ka matlab ??though i dint gave bt matlab nai samjha
Nabard Assistant Recruitment Cancelled. NABARD has issued the official notification in view of Govt. of India instructions for discontinuation of interviews in the recruitment process for junior level posts, it has been decided to cancel the recruitment for the post of Development Assistants and Development Assistants (Hindi) in NABARD advertised vide reference No.03/Dev.Asstt./2015-16 dated 07 October 2015. The arrangements are being made to refund the application fees, bank charges, etc. to all the candidates
"When you live for a STRONG PURPOSE, Then HARDWORK isn't an option. It is NECESSITY"
#WorkHard
(7^11.7 * 9^11.7 = 63^11.7).....is it correct ??
@flyingdildo I found that you have deleted the post where you asked a que. on "time and work". Your query was how the LCM of No. of days taken to complete work gives us Total work done.... Well below is the explanation for it : We know : Work done (W) = Work done per day or hour * Time taken to finish the work. We take the LCM just to satisfy above eqn. and get the total work done from it. For e.g suppose A takes 4 days to complete a work and B takes 6 days to complete the same work. So taking LCM we get 24 as total work done. Now just substitute the values in above eq. 24 = X * 4 => X = 24/4 => X = 6 unit/ hour You can even look at it this way : Work done (W) = X * Ta= Y * Tb (Where X and Y are work done per hour and Ta and Tb are time taken to complete the work by A and B respectively). Now without taking LCM just check what can be the multiples for Ta i.e 4 and Tb i.e 6 which gives a common product W. 4*X = W = 6*Y. Hope this clears how the LCM gives us the total work done.
Please tell me which is correct and why
Statements: Some plants are trees. All plants are stems. All stems are flowers. Conclusion: I. Some plants are flowers. II. All stems being trees is a possibility.
All kites are papers. No paper is a pencil. All pencils are black. Conclusion: I. All kites being black is a possibility. II. All black being papers is a possibility.
Please share the shortest approach to solve this que. (I know the solution) :
A man covers a distance of 33 KM in 3x1/2 Hours, Partly on foot at the rate of 4km/hr and partly on bicycle at the rate of 10 km/hr. Find the distance covered on foot.
HOW LONG DOES IT TAKE TO SOLVE THS PROBLEM
Directions (Q.6-10): Study the following information and answer the questions that follow: Eight students Alisha, Bisht, Charan, Dravid, Esha, Farah, Gautam and Hitesh in a school sports competition participated in a game in which they were sitting around a circular ring. The seats of the ring are not directed towards the centre. All the eight students are in four groups I, II, III and IV, i.e. two students in each group, but not necessarily in the same order. These students are from different sport houses, viz Maharishi, Vyas, Aryabhatt, Vashistha, Shankaracharya, Balmiki, Dhruv and Dayanand. . No two students of the same group are sitting adjacent to each other except those of group III. Students from group IV are sitting opposite each other. . Dravid is neither in Dayanand nor in Aryabhatt house. . The student from Dhruv house is sitting on the immediate right of the student from Dayanand house. . Charan, who is in Vashistha house, is a group I. She is sitting on the immediate right of Farah, who is in group III. . Farah is not in Aryabhatt house and she has also participated in other sports. . Bisht from Vyas house is neither in group IV nor in group I or II. . Bisht is sitting opposite Esha. Only Balmiki participant Alisha is sitting between Dhruv participant Esha and the Shankaracharya participant. . Both the students of group II are sitting adjacent to students of group IV.