Replying to another question, Gangwar said RBI has informed that there is no proposal under consideration of levying parking surcharge on deposits.
Five associates and the Bharatiya Mahila Bank became part of State Bank of India (SBI) beginning April 1, catapulting the country's largest lender to among the top 50 banks in the world.
As part of a three-tier structure there would be at least 3-4 banks of the size of SBI.
The clear picture would emerge only after the Niti Aayog report sets the tone and tenure of the roadmap for the second round of consolidation in the banking sector.
RBL Bank, Standard Chartered Bank, Yes Bank, Citibank and HSBC have emerged as the top five in terms of overall score.
There are factors like regional balance, geographical reach, financial burden and smooth resource transition that have to be looked into while taking a decision.
The Executive Committee of Central board approved "the issuance of Reg-S/ stand alone rule 144A senior unsecured debt up to $1.5 bn in multiple tranches or currencies with tenor not exceeding 5.5 yrs during current year and 2017-18," SBI said.
Following the notification, SBI proposes to seek the approval of executive committee of central board on March 24.
If the UP government keeps its farmer loan waiver promise, banks are likely to take a hit of Rs 27,420 crore. There will be stress on the state's fisc as well.
All the customers including depositors of these banks will now be treated as customers of SBI from April 1.
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