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

India faces critical shortage of skin donors amid rising burn cases

India reports nearly 70 lakh burn injury cases every year, resulting in approximately 1.4 lakh deaths annually. Experts estimate that up to 50% of these lives could be saved with adequate access to skin donations.   A significant concern is that around 70% of burn victims fall wi

Not just politics, let`s discuss policies too

Why public policy matters Most days, India`s loudest debates stop at the ballot box. We can name every major leader and recall every campaign slogan. Still, far fewer of us can explain why a widow`s pension is delayed or how a government school`s budget is actually approved. That

When algorithms decide and children die

The images have not left me, of dead and wounded children being carried in the arms of the medics and relatives to the ambulances and hospitals. On February 28, at the start of Operation Epic Fury, cruise missiles struck the Shajareh Tayyebeh school – officially named a girls’ school, in Minab,

The economics of representation: Why women in power matter

India’s democracy has grown in scale, but not quite in balance. Women today are active participants in elections, influencing outcomes in ways that were not as visible earlier. Yet their presence in legislative institutions continues to lag behind. The Nari Shakti Vandan Adhiniyam was meant to addres

India will be powerful, not aggressive: Bhaiyyaji

India is poised to emerge as a global power but will remain rooted in its civilisational ethos of non-aggression and harmony, former RSS General Secretary Suresh `Bhaiyyaji` Joshi has said.   He was speaking at the launch of “Rashtrabhav,” a book by Ravindra Sathe

AI: Code, Control, Conquer

India today stands at a critical juncture in the area of artificial intelligence. While the country is among the fastest adopters of AI in the world, it remains heavily reliant on technologies developed elsewhere. This paradox, experts warn, cannot persist if India seeks technological sovereignty.


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter