SBI board clears merger with associates, India to have global top 50 bank

SBI board clears merger with associates, India to have global top 50 bank

Photo: Pradeep Gaur/ Mint

The board of State Bank of India (SBI) on Thursday cleared the proposed merger of five associate banks and Bharatiya Mahila Bank (BMB) with itself, taking one step closer to creating the first Indian lender to rank among the world’s top 50.

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