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SBI says does not expect bad loan surprises post merger

SBI says does not expect bad loan surprises post merger

Monday, April 3, 2017, 12:55 PM

State Bank of India the nation's top lender by assets, expects to save costs and gain scale after merging its five subsidiary banks with itself, senior executives said, adding that there will be no big surprises in terms of bad loans after the merger. With this merger, SBI said it will join the league of top 50 banks globally in terms of assets.
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