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Government clears merger of SBI with associate banks

Government clears merger of SBI with associate banks

Thursday, February 16, 2017, 10:46 AM

Government has cleared the merger plan of State Bank of India with its five associate banks, a step aimed at strengthening the banking sector through consolidation of public sector banks. The associate banks which will be merged with SBI are State Bank of Bikaner & Jaipur, State Bank of Mysore, State Bank of Travancore , State Bank of Patiala and State Bank of Hyderabad.
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