It should be done by that timeframe,” SBI Managing Director (national banking group) The State Bank of India ( SBI ) is set to merge with State Bank of Bikaner & Jaipur , State Bank of Mysore , State Bank of Travancore , State Bank of Patiala , State Bank of Hyderabad and Bharatiya Mahila Bank , in a process set to take three months , starting on the 1st January . Following the merger , around 1,500 duplicate branches will close , depending on their location , while the SBI would have an asset base of more than $ 555bn , leaving it well positioned to become a global bank .
The State Bank of India ( SBI ) is set to merge with State Bank of Bikaner & Jaipur , State Bank of Mysore , State Bank of Travancore , State Bank of Patiala , State Bank of Hyderabad and Bharatiya Mahila Bank , in a process set to take three months , starting on the 1st January . Following the merger , around 1,500 duplicate branches will close , depending on their location , while the SBI would have an asset base of more than $ 555bn , leaving it well positioned to become a global bank .