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SBI to shut down 47% of associate banks' offices post-merger

SBI to shut down 47% of associate banks' offices post-merger

Tuesday, March 21, 2017, 6:58 PM

SBI, which will see five associate banks merge into it on April 1, has decided to shut down almost half the offices of these banks. "Out of head offices of associate banks, we will retain only two. Three head offices of associate banks will be unbound along with 27 zonal offices, 81 regional offices and 11 network offices of associate banks," said SBI MD.
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