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 April. 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 lender.