Post merger SBI unveils fresh branding

THE country's largest lender, State Bank of India (SBI), on April 5 unveiled a new brand identity. The new identity was designed to position SBI as a tech-savvy, modern and progressive bank, ready to meet the financial needs of all Indians. The public sector lender which recently merged its operations with five associate banks and Bharatiya Mahila Bank (BMB) - said in a statement. "While the legendary SBI monogram has been the de-facto symbol of State Bank of India, combining it with the abbreviated SBI word mark is pivotal to the new identity. It makes the...

SBI associate banks to offer VRS before merger: Report

NATION's largest lender State Bank of India (SBI) associate banks have begun preparations to unveil voluntary retirement schemes (VRS) for their employees before the proposed merger with the parent bank. State Bank of Hyderabad (SBH) board has approved the VRS and other associate banks will place the scheme before their boards in the next few days, senior SBI group officials were quoted as telling a national daily. The VRS in associate banks would help...

Seven things you should know about merger of SBI subordinates

FOR the last couple of months the most debating point in Indian PSU banking realm has been the merger of subordinate banks with SBI. Will the merger of subordinate banks to SBI pave the way for the creation of a strong and effective PSU banking environment in the country? What are the...

SBI set to merge five subsidiary banks into one to fund the economy

SBI chairman A Bhattacharya

THE nation's biggest lender State Bank of India (SBI) will begin the process of consolidation in the banking industry by combining its five associate banks. The move aims at funding the economy in a bid to take the economy into the path of growth. The process will enhance...