How SBI would become even more humongous

With Cabinet’s approval of merger of PSBs, SBI may soon feature in the top 50 banks globally

| June 16, 2016


#SBI   #top 50 global banks   #PSB   #merger  


As the Cabinet approves the merger of State Bank of India and its five subsidiaries, and also the Bharatiya Mahila Bank (BMB), the largest public sector lender may soon see its name in the list of top 50 banks of the world. The five subsidiaries to be merged with SBI are: State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore.

Here’s a look at the enormity of the consolidation:

•    With the merger, SBI would have a balance sheet reading a whooping Rs 37 lakh crore.
•    Its customer base would increase to around 50 crore – more than one-third of the country’s population
•    The bank may break the barrier of top-50 banks in the world. It was last seen at the 52nd spot in 2015.
•    The combined employee strength of SBI and its associates, along with BMB, is around 3 lakh.
•    The combined number of branches of banks, stepping into the merger, stand at nearly 21,000.
 

Comments

 

Other News

The Xi-Trump summit: The unending rivalry

Diplomacy is akin to an art, wherein the summitry, conflict resolution and negotiations form apt constituents of the entire context of deal making and “playing for keeps” in the international arena. The Xi-Trump summit in Washington last week, in which the American president broke all conside

“Indians, yet treated like outsiders”

Moving to Delhi-NCR for education can be an exciting experience for students from Northeast India. It gives us a chance to meet new people, experience a different culture and become more independent. But living away from home also comes with challenges that people who have not experienced them may not al

Import duty on major edible oils cut

The government has reduced the Basic Customs Duty (BCD) on major imported crude edible oils with a view to moderating domestic edible oil prices, providing relief to consumers and mitigating inflationary pressures arising from the sharp increase in international edible oil prices.  

From pyramid to platform: BRICS agenda for Global South

In his opening address at the 18th BRICS Summit in New Delhi on September 12, prime minister Narendra Modi did something India`s diplomacy has been building towards for three years: he moved the ‘Voice of the Global South’ from a slogan to a work plan. Addressing the leaders, he argued that t

How to realise the full transformative potential of PM-JAY

The Pradhan Mantri Jan Arogya Yojana (PM-JAY), a welfare scheme which covers approximately 45 crore beneficiaries across India, provides cashless health cover of Rs. 5 lakh per family per year. It is the largest health insurance scheme which helped crores of poor families by reducing out-of-pocket expend

The missing men in India`s family planning story

Every pregnancy requires two people. Yet India`s family planning programme continues to ask only one of them to bear almost all of its medical consequences. The newly released National Family Health Survey-6 (2023-24) confirms just how entrenched this asymmetry remains: 36.5% of currently married women a

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter