Things interviewers expect about SBI merging with associate banks

By | July 24, 2017

SBI merging happened 1st April 2017, before that SBI had 5 associate banks working as State Bank group. These associate banks are formed based on the click State Bank of India (Subsidiary Banks) Act, 1959. Based on this act all the princely states at that time had their own banks. But to bring them under the control of government, they brought them under State bank group. Based on this Act, GOI created 8 State Bank group subsidiary banks.

They are

  • State Bank of Bikaner
  • State Bank of Jaipur
  • State Bank of Indore
  • State Bank of Saurashtra
  • State Bank of Patiala
  • State Bank of Mysore
  • State Bank of Hyderabad
  • State Bank of Tranvancore

But in 1963 GOI merged State Bank of Bikaner and State Bank of Jaipur into a single entity, making it State Bank of Bikaner & Jaipur.

enter SBI merging with Subsidiary banks of State Bank group:

SBI Merging with state Banks started with merging of State Bank of Saurashtra in 2008. Later followed by merging of State Bank of Indore into State Bank of India in 2010. Which make the count of State bank groups decrease to five subsidiary banks.

SBI had 5 associate banks by the end of 2016, which were merged into SBI earlier 2017. State Bank of India, the largest lender of India was recently in news for its merger with its Associate banks to form a single unified entity. The merger came into effect from 1st April 2017.

The entities merged with SBI include –

opcje binarne opinie graczy Post SBI Merging:

follow link       Merging of subsidiary bank, we consider as a good thing for SBI and Indian banking industry. Because combined assets and loans will be more than what SBI have now. This make a role player in Indian banking industry as well as globally.

  • After merging of banks, SBI’s rank as largest bank will climb to watch 45th largest bank globally in terms of assets. Earlier SBI is in 52nd position,climbed rencontre homme medecin algerien 7 ranks.
  • Post the merger, site rencontre serieuse belgique SBI’s employee costs could rise by Rs 23 crore a month.
  • The merged entity now has approximately 23,000 branches and 59000 ATMs throughout the country. It will also have a total strength of almost 2,71,765 employees.
  • SBI rolled out a Voluntary Retirement Scheme for the employees of the Associate Banks. In which employees of SBI associate banks can take voluntary retirement after merging.
  • Post merger, SBI now holds almost  23 per cent of the market share of the country, both in terms of deposits and advances. This is way higher than any other global top bank. For instance, ICBC (Industrial Credit Banking Corporation of China), which is the world’s topmost bank in terms of assets has a total market share of almost 17% in China.
  • SBI’s current balance sheet on a standalone basis stands at follow link Rs 28 lakh crore, which will account for about enter site 75% of the total assets of the new entity.

2 thoughts on “Things interviewers expect about SBI merging with associate banks

  1. Pingback: How knowing about SBI Bank will fetch you Bank job quickly

  2. Pingback: IFSC Code : 5 Things you don't know about IFSC

Leave a Reply