State Bank of India Updates

[mhsabir]

I meant ask someone else to transfer who has money

 

[Deleted member 7160]

ICICI mein cash nahi tha, isliye SBI use kiya. Varna SBI kaun use karna chahega? Abb kal dekhte h

SBI is still the 1st choice for Home Loan takers.

 

[LordSpymaster]

Tried right now, and says the same thing.'You cannot schedule a new inter bank transfer before 5 days after activation'All I want to know that is this delay standard RBI procedures or guidelines? Or is SBI irritating me?The payment is not urgent, so depositing cash is my last option. Will they charge extra for depositing money manually to an account in Chennai?


Edit: Found this guy having the same problem: http://www.bikeszone.com/forum/viewtopic.php?f=4&t=13127

 

[LordSpymaster]

I've learnt that the hard way.This sucks. issed-off: :nono:

 

[Sushubh]

State Bank of Travancore, State Bank of Hyderabad, State Bank of Patiala, State Bank of Bikaner & Jaipur and State Bank of Mysore...
SBI to merge five subsidiary banks with itself as it prepares to fund the economy - The Economic Times
I have no idea why they have subsidiaries. One single bank would have been so much better. I mean why is there no State Bank of Gurgaon? Or State Bank of Delhi? What's the freaking logic?

 

[Sushubh]

SBI is merging with State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore.

Indian cabinet approves State Bank's planned merger with subsidiaries

New Delhi expects the move to result in savings of more than 10 billion rupees ($149 million) in the first year of the merger.

 

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[harshikl]

But thinking that what's the benefit of it. Currently Sbbj branch and sbi branch near my house has huge crowd of people what will happen when they merge how will they handle such a large number of people. Feeling pity on them...

 

[Sushubh]

Source

 

[mhsabir]

State Bank of India - Wikipedia

Interesting reason for the original question

SBI acquired the control of seven associate banks in 1960. They were the seven regional banks of former Indian princely states, all of them which were renamed with the prefix 'State Bank'. These seven banks were State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP), State Bank of Travancore (SBT), State Bank of Saurashtra (SBS) and State Bank of Indore (SBI - Indore). All these banks used the same logo as its parent bank.

 

[Sushubh]

SBI: Thousands transferred, branches closed, but no major protests in SBI - The Economic Times