BMB News

State Bank of India said on Tuesday that customers of erstwhile associate banks and those of Bharatiya Mahila Bank (BMB) will have to update their cheque books on or before March 31. These five erstwhile associate banks and BMB had merged with SBI in April of 2017.

Bharatiya Mahila Bank that served only women customers turned out to be a costly affair in view of its limited outreach but now its merger with SBI will help reach out to a wider clientele at the same cost.

The government on Monday said it has decided to merge the Bharatiya Mahila Bank (BMB) with the State Bank of India (SBI) to ensure greater banking services outreach to more women.

State Bank chairperson Arundhati Bhattacharya today hinted that the mega merger of its five associate banks and Bharatiya Mahila Bank (BMB) could be pushed to the next financial year as it is still awaiting the government notification on the move.

After creating history by becoming the first woman to head the nation's largest lender State Bank of India, Arundhati Bhattacharya today earned another first by landing an extension for a year.

Unfazed by the protests of bank unions, Finance Minister Arun Jaitley on Thursday said the government will go ahead with the merger of associates banks and Bharatiya Mahila Bank with SBI as the proposal has been approved at the highest level by the Union Cabinet.

Finance Ministry is considering a proposal to merge newly created Bharatiya Mahila Bank (BMB) with State Bank of India.

The number of Bhartiya Mahila Banks (BMB), the country's first all-women bank chain, will touch 80 branches across the country with 20 exclusive ones in rural areas by March this year, a top official said Monday.

Bharatiya Mahila Bank (BMB), incorporated under the Companies Act last fiscal to extend banking services especially to women, is targetting at a business of Rs 1,800 crore this fiscal.