Experts from conversation with the Managing Director of SBM, Sharad Sharma
(Source: Deccan Herald)
Merger of associate banks of SBI is imminent, one announcement is likely this quarter. Will it be SBM?
I don't know. The merger issue is regularly discussed, it also came up during the July 3 meeting. The committee headed by SBI MD & Group Executive (Associate & Subsidiaries) S Vishvanathan is likely to submit its report before SBI board next month.
What is the view of SBM employees?
There is no opposition to the merger from them. The officers’ association and also the unions are okay with it. We regularly talk to them. Presently, 82 per cent of our branches are in Karnataka, so post-merger, there could be some relocation of employees.
Any operational challenges? Also, how much time would it take?
We have the same IT super structure, risk management capability, systems and procedures as SBI. To complete the merger, it would take about four to six months, there are regulatory issues as well.
Click HERE for the complete article.
(Source: Deccan Herald)
Merger of associate banks of SBI is imminent, one announcement is likely this quarter. Will it be SBM?
I don't know. The merger issue is regularly discussed, it also came up during the July 3 meeting. The committee headed by SBI MD & Group Executive (Associate & Subsidiaries) S Vishvanathan is likely to submit its report before SBI board next month.
What is the view of SBM employees?
There is no opposition to the merger from them. The officers’ association and also the unions are okay with it. We regularly talk to them. Presently, 82 per cent of our branches are in Karnataka, so post-merger, there could be some relocation of employees.
Any operational challenges? Also, how much time would it take?
We have the same IT super structure, risk management capability, systems and procedures as SBI. To complete the merger, it would take about four to six months, there are regulatory issues as well.
Click HERE for the complete article.
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