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. SBI had approved separate schemes of acquisition of State Bank of Patiala and State Bank of Hyderabad. According to reports, SBI will be merged into SBI, which has been operating as an autonomous entity since its inception in 2010.
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. According to reports, SBI will be merged into SBI, which has been operating as an autonomous entity since its inception in 2010.