SBI Merger Current Affairs, GK & News

Parliament passes State Banks (Repeal and Amendment) Bill, 2017

Parliament has passed State Banks (Repeal and Amendment) Bill, 2017 to merge six subsidiary banks with State Bank of India after it was approved by Rajya Sabha. The bill already has been passed in Lok Sabha in 2017 Monsoon session of Parliament. Key Features of Bill The bill repeals two Acts namely State Bank of ..

Month: 

Topics: 

Lok Sabha passes State Banks (Repeal and Amendment) Bill, 2017

The Lok Sabha has passed the State Banks (Repeal and Amendment) Bill, 2017. The bill seeks to repeal the two Acts namely State Bank of India (Subsidiary Banks) Act, 1959, and State Bank of Hyderabad Act, 1956. It also seeks to amend the State Bank of India (SBI) Act, 1955 to remove references to subsidiary ..

Month: 

Topics: 

Five State Banks, Bharatiya Mahila Bank merge with SBI

Five associates and the Bharatiya Mahila Bank have officially merged with country’s largest lender State Bank of India (SBI). With this merger, SBI joins the league of top 50 banks globally in terms of assets. The five associate banks are: State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State ..

Month: 

Topics: