India's first all-women bank sets up its first branch in Patna
March 29, 2014|NEWS 18|Full Article
The bank has tied-up with New India Assurance Company Ltd for providing general insurance products which would cater to needs of women at bottom of the pyramid, working women and also for their families.
The bank would conduct programmes on financial literacy, skill development and training for women to enable them to get jobs and enter business ventures.
Bharatiya Mahila Bank to be merged with SBI from April 1
Mar 21, 2017|Economic Times|Full Article
Every permanent and regular officer or other permanent and regular employee of the BMB (except the Board of Directors) serving in the employment immediately before the effective date will become employee of the SBI
The merger of BMB with paid up capital of Rs 1,000 crore was done three years after it was formed.
The branches of 5 associate banks -- State Bank of Bikaner and JaipurNSE 0.99 %, State Bank of Hyderabad, State Bank of MysoreNSE 1.17 %, State Bank of Patiala and State Bank of TravancoreNSE 1.34 % -- will start functioning as SBI branches from April 1.
Modi government planning another SBI-like mega bank merger
Jun 05, 2018|Economic TimesFull Article
As per a report, the government is planning to merge Bank of BarodaNSE 2.55 %, IDBI BankNSE 0.89 %, Oriental BankNSE -2.57 % and Central Bank. These four banks had reported a combined loss of Rs 21,646.38 crore in the year ended 31 March.
The government had merged five associate banks and Bharatiya Mahila Bank with SBI on April 1, 2017, to catapulte the country's largest lender to among the top 50 banks in the world.