Seem s like SBI is heading towards to become the Global Giants in the banking industry.
On April 1, 2017, SBI announced the merger with its six subsidiaries like State Bank of Bikaner and Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Patiala (SBP), and State Bank of Hyderabad (SBH) – and Bharatiya Mahila Bank. This announcement broke vastly among twitteratis and we could not persist ourselves from creating a deep Konnect Insights report on the reactions of twitteratis.
Konnect Insights takes you through the intricate analysis of the social media statistics buzzing around this announcement, have a look to see the kind of impact it has created on the digital platform.
Overview of the conversations about SBI on Twitter:
The positive word cloud around SBI:
We tracked the top most tweets by most impressions:
What was the sentiment of people over the merger?
The Behemoth SBI after merger will have 270,000 people on roll, with a network of 24,000 branches and 59,000 ATMs. The existing customers of subsidiary banks will have access to the SBI global network, which has a presence in all time zones.
The merger would lead to a synergy in operations and lower SBI’s cost of funds, which in turn would lead to savings of over Rs 1,000 crore in the first year.
Originality of Tweets:
According to Business Standard, associate banks ahead of the merger, had rolled out voluntary retirement schemes (VRS) for their employees. This scheme will be available for those with 20 years of service or those who are 55 years of age as on February 28, 2017.
The VRS opened on March 22 and will close on April 5. Applicants will have seven days — till April 12 — to withdraw the application. Around 12,500 people are eligible under the scheme, roughly 17 per cent of the employees of all associate banks.