SBI sees cost savings, no bad loans surprise after merger with units
State Bank of India, the nation`s top lender by assets, expects no nasty surprises on bad loans after merging five subsidiary banks with itself at the weekend in a deal that will help it save costs and gain scale, senior executives said.
Apr 03, 2017, 15:34 PM ISTSBI says will gain $120 billion in assets from takeover of units
State Bank of India (SBI), the nation`s biggest lender by assets, will gain $120 billion in assets following its merger with associate banks and Bharatiya Mahila Bank, the lender said in a statement on Saturday.
Aug 20, 2016, 13:51 PM IST