SBI, associate banks surge after Cabinet okays merger

NEW DELHI: Shares of SBI and its associates rose sharply by as much as 13.5 per cent today after the Cabinet approved their merger, a step aimed at strengthening the sector through consolidation of public banks.

The scrip of State Bank of Mysore soared 13.54 per cent, State Bank of Bikaner and Jaipur zoomed 10.86 per cent, State Bank of Travancore jumped 10.54 per cent while SBI gained 3.10 per cent on BSE.

Seeking to create a global-sized bank, the Cabinet yesterday gave the go-ahead to the merger plan of SBI and its five associates.

However, no decision was taken on the proposal to merge the Bharatiya Mahila Bank with SBI.

Latest Comment

Excellent news for banks. Now time to merge all small and loss making banks into BOB and PNB for cost cutting.RaMa Rajya

The merger of associate banks is likely to result in recurring savings, estimated at more than Rs 1,000 crore in the first year, through a combination of enhanced operational efficiency and reduced cost of funds, an official statement said.

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

source”cnbc”

SBI PO 2014: English Language pattern questions

For the recruitment to 1837 posts of Probationary Officer, united states of america‘s biggest financial institution, state financial institution of India (SBI) may be conducting its competitive exam on June 14, 2014. The exam might be having components, element A will contain objective type questions andcomponent B will be a descriptive type exam. The goal kind Paper A consists of four sections with 50 questions every (1 mark for each question): Reasoning, facts evaluation and Interpretation, fashionableconsciousness, advertising and computer systems and English Language.

to attain well inside the examination, candidates need to remedy as many sample question papers asfeasible. the subsequent sample questions were provided by way of SBI for the PO 2014 recruitmentexamination.

remember to check your answers at the quit!

English Language:

that is a test to peer how properly you already know English. Your English language capacity might beexamined via questions about grammar, vocabulary, sentence of entirety, synonyms, antonyms, comprehension of a passage, and so forth. take a look at and solution the sample questions givenbeneath:

instructions FOR QUESTIONS 1,2,3: pick out the most appropriate word from amongst the phrasesgiven beneath every sentence to finish it meaningfully.

Q.1. He speedy glanced ………………………… the e book to discover what it said about the Indianeconomy.
(1) at (2) thru (three) in (four) to (5) over

Q.2. The counsel urged the court to ……………………… down the obnoxious regulation.
(1) enact (2) enforce (three) cancel (four) strike (five) claim

Q.three. The neighborhood respectable ……………………… the Minister of the situation.
(1) explained (2) warned (three) apprised (four) instructed (five) intimated

instructions FOR QUESTIONS four,5,6: study every sentence to discover whether there’s any grammatical mistakes in it. the error, if any, may be in one part of the sentence. The quantity of that part of the sentence is your solution. If there may be no error, the solution is (five).

Q.4. i’m twenty / years old / once I first / joined the financial institution. No blunders
(1) (2) (3) (four) (five)

Q.5. To the Hindus / the Ganga is / holier than / any other river. No blunders
(1) (2) (3) (four) (five)

Q.6. Of all the teachers / in our school / our elegance instructor / were very strict. No error
(1) (2) (3) (four) (5)

instructions FOR QUESTIONS 7,eight,9: In each of the following questions, pick out from among thefive alternatives, the phrase nearest in that means to the phrase given in capitals.

Q.7. deadly
(1) light (2) risky (three) lethal (four) cruel (five) thoughtless

Q.8. CENTENARY
(1) a shield (2) 100 years (three) a completely old man (four) hundred runs (five) hundredth anniversary

Q.nine. TRIUMPH
(1) triumph over (2) spoil (three) earn (four) courageous (5) seize

guidelines FOR QUESTIONS 10,11,12: In each of the following questions, select from amongst the 5options, the word maximum opposite in meaning of the word given in capitals.

Q.10. active
(1) simple (2) weak (three) stupid (four) irritated (5) moron

Q.11. INADVERTENT
(1) good enough (2) to be had (three) sluggish (4) negligent (5) intentional

Q.12. INEPT
(1) accurate (2) skilful (three) practical (4) inventive (5) apt

answers:

query 1 answer 2
query 2 solution 4
query 3 solution 3
query 4 solution 1
question 5 answer five
question 6 answer 4
question 7 answer three
query eight solution 5
question nine answer 1
question 10 solution 5
question 11 solution five
question 12 answer 2

Finish