- PM Modi visit USAOnly the mirror in my washroom and phone gallery see the crazy me : Sara KhanKarnataka rain fury: Photos of flooded streets, uprooted treesCannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfitRanbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A KissOscars 2022: Every Academy Award WinnerShane Warne (1969-2022): Australian cricket legend's life in picturesPhotos: What Russia's invasion of Ukraine looks like on the groundLata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
The 18-year-old, Chirag Chikkara clinched a gold medal in the men’s freestyle 57kg categ
- FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup
- Hockey, cricket, wrestling, badminton, squash axed from 2026 CWG in Glasgow
- FIFA : Over 100 female footballers urge FIFA to reconsider partnership with Saudi oil giant
- Ecuador ready to make history against Uruguay: Beccacece
- Divanshi wins second gold as India sweep women's 25m standard pistol at Lima Junior Worlds
Ordinance to help banks: SBI Last Updated : 05 May 2017 06:57:34 PM IST (File photo)
The Banking Regulation (Amendment) Ordinance, notified on Friday, is expected to facilitate bankers to adopt resolutions for NPA (non performing assets) accounts, a banker said on Friday.
State Bank of India's Chief General Manager (Kolkata Circle) Partha Pratim Sengupta said: "In most of the large accounts it was a difficult task for bankers to take a resolution. With the ordinance, the Reserve Bank of India is expected to ease that problem."
A clear picture will emerge once the details of the ordinance come out, he said on the sidelines of an event organised by Bengal National Chamber of Commerce.
Having completed the merger of five associate banks and the Bharatiya Mahila Bank with it, the SBI will rationalise 24 of its branches in Kolkata circle by September, he said.
Kolkata circle comprises Bengal, Sikkim, Andaman and Nicobar Islands.
"As many as 49 branches of associate banks and three branches of the Bharatiya Mahila Bank (BMB) were merged in Kolkata circle. Twenty-four branches will be rationalised," Chief General Manager (Kolkata Circle) Partha Pratim Sengupta said.
"As much as Rs 12,000 crore of deposits and Rs 11,000 crore of advances were merged in the circle," he added.
The country's largest lender started functioning as a unified entity from April 1 post merger of its five associate banks, besides BMB.
The associate banks merged with the SBI are the State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and the State Bank of Travancore.
With the merger, the SBI joins the league of top 50 banks globally in terms of assets.IANS For Latest Updates Please-
Join us on
Follow us on
172.31.16.186