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News on banking sector for week ended 5 sept-2010

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NEWS ON BANKING SECTOR… Submitted By: Pallavi Saggar MBA-2A
1.SBI Family may have to wait a while for Union. ,[object Object]
Total 7 subsidariesof SBI are there out of which 2 are merged:
1st Merged = State Bank of Saurastra
2nd Merged = State Bank of Indore
Left are State Bank of Travancore, Bikaner Jaipur & Mysore , Patiala, Hyderabad. ,[object Object]
Exemption Limit has increased from 1.6 lac to 2 lac .Annual IncomeRate 2 lac ----5 lac 10% 5 lac ----10 lac 20% 10 lac----above 30% ,[object Object],[object Object]
Pension liability = 6000 cr.
Gratuity liability = 4000 cr.

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News on banking sector for week ended 5 sept-2010