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After associate banks, now Bharatiya Mahila Bank to merge with SBI

After associate banks, now Bharatiya Mahila Bank to merge with SBI

Monday, March 20, 2017, 8:30 PM

The government said it has decided to merge Bharatiya Mahila Bank with the country's largest lender State Bank of India to ensure greater banking outreach to women. Explaining the rationale behind the merger, the finance ministry said the SBI group already has 126 exclusive all-women branches across the country while the Bharatiya Mahila Bank (BMB) has only seven.
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