Merger of 5 associate banks & BMB with SBI could be pushed to FY18
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Merger of 5 associate banks & BMB with SBI could be pushed to FY18

SBI Chief Arundhati Bhattacharya has hinted that the mega merger of its five associate banks and Bharatiya Mahila Bank could be pushed to the next financial year as it is still awaiting the government notification in this regard.  Ms. Bhattacharya said undertaking the merger process in the last quarter; …

Home, Auto loan to become cheapest in 6 years as SBI, other banks slash rates
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Home, Auto loan to become cheapest in 6 years as SBI, other banks slash rates

Just a day after PM Modi’s New Year’s Eve speech, the country’s largest lender State Bank of India and other banks have cut down their home loan lending rates.  The country’s largest lender, SBI, has reduced marginal cost of funds based lending rate (MCLR) by 0.9 percent from 8.90 percent to 8 percent for …