State Bank Of Patiala

SBI changes names, IFSC codes of around 1,300 branches in major cities; any use of old codes will get mapped with new

IFSC is an 11-digit alpha-numeric code used to uniquely identify all bank branches participating in any RBI regulated funds transfer system.

Have accounts with these banks? Your cheque book, IFSC code will become invalid from 1 October

Those who have an ECS arrangement with your bank, need not worry. It will get automatically transferred to SBI

Number of public sector banks may go down to 12 as govt mulls consolidation

As part of a three-tier structure,there would be at least 3-4 banks of the size of SBI, the country's largest lender.

SBI merges six banks with itself to create a behemoth: Here's how it will impact you

The borrowers are likely to benefit from the merger as the loan rates of associate banks are expected to align with SBI's

SBI chief Arundhati Bhattacharya rules out spike in bad loans after merger

Effective 1 April, the five associate banks -- State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore -- as well as Bharatiya Mahila Bank have been merged with SBI, creating a global banking behemoth.

SBI merger: Arundhati Bhattacharya says Rs 5,000 is minimum average balance, feels media not highlighting details

SBI gaining global size is a good thing for Indian banking sector in relation to the global industry. But as the trade unions caution, does the decision creates a bigger risk?

2,800 employees of SBI's associate banks opt for voluntary retirement

SBI Chairman Arundhati Bhattacharya said around 12,500 employees of the five associate banks are eligible to opt for VRS

State Bank to complete merger of 6 banks in 5 months; 1500 branches to be shut after

SBI first merged State Bank of Saurashtra with itself in 2008. Two years later, State Bank of Indore was merged with it.

Five associate banks to merge with SBI from 1 April

With the merger of all the five associates, SBI is expected to become a lender of global proportions with an asset base of Rs 37 lakh crore or over $555 billion, 22,500 branches and 58,000 ATMs

SBI-associate merger: Good to have a global sized bank, but are we creating too big a monopoly?

If anything goes wrong with SBI, it would have repercussions not only for the bank, but the whole financial system.