SBI stock jumps to 25-month high on merger with 5 associates
Shares of State Bank of India, India's largest lender, closed at a 25-month high on Wednesday, gaining for the ninth straight trading session. The surge came after SBI merged its five associate banks and Bharatiya Mahila Bank on April 1. With the merger, SBI has joined the league of top 50 banks globally in terms of assets.