State bank of Patiala likely to merge with its parent bank
By Vaibhav Aggarwal
Jul 31, 2014
Print    Email    RSS   

It has been reported that State Bank of Patiala is likely to merge with its parent bank State bank of India. Bank reported that they have no issues with the merger, one of the five associates of the bank are likely to merge with the SBI this fiscal.

The government-run State Bank of India has five associates -- State Bank of Bikaner and Jaipur, State Bank of Travancore, State Bank of Patiala, State Bank of Mysore and State Bank of Hyderabad. State bank of Patiala is the first one to be merged with SBI soon. But Mr. Rangan clarified that neither the government nor the SBI has yet approached his bank for the possible merger.

He also said banks must be recapitalised and strengthened before a take-over. It was noticed that all commercial banks financials are under stress. Non-performing assets have risen sharply in the past five years. The associate banks of the SBI are having nearly 75000 employees and different working conditions and environment, they merger of the bank is not so easy.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Benefits and drawbacks of personal loans...
Is the Base Rate system really transparent?
How to decide on a loan for business?
A chronicle of excesses by loan recovery...
What to look for while taking a personal loan

to know the account number
What is the outstanding Amount for my personal loan
ho many month balance in My Personal loan
i need my personal loan track statement

LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive