SBI, associate banks merger: Share swap record date Mar 174 min ago

New Delhi, Mar 3 State Bank of India today fixed March 17 as the record date of share swap for the merger of its 5 associate banks with itself. The merger process of the associates banks – State Bank of Bikaner and Jaipur , State Bank of Mysore , State Bank of Travancore , State Bank of Patiala and State Bank of Hyderabad – will take effect from April 1. The executive committee of the central board of SBI fixed March 17 as the record date for determining the eligible minority shareholder of SBBJ, SBM and SBT entitled to receive equity shares of face value of Re 1 each, of SBI at the agreed swap ratio, the bank said in a regulatory filing on stock exchanges.

SBI Q3 profit zooms to Rs 2,610 cr

The country’s largest lender State Bank of India on Friday beat street estimates by reporting 134 per cent rise in standalone net profit to Rs 2,610 crore for the third quarter 31 December 2017. The net profit was Rs 1,115 crore in the same period of last year.

SBI Q3 profit zooms to Rs 2,610 cr

The country’s largest lender State Bank of India on Friday beat street estimates by reporting 134 per cent rise in standalone net profit to Rs 2,610 crore for the third quarter 31 December 2017. The net profit was Rs 1,115 crore in the same period of last year.