India: Who benefits from merger of SBI, associates?

India: Who benefits from merger of SBI, associates?

A file photo of the State Bank of India chairperson Arundhati Bhattacharya. Photo: Abhijit Bhatlekar/Mint

Investors have driven up the stocks of the listed associates of State Bank of India (SBI) by as much as 63% in the past month, ever since their merger with the parent was announced. Not surprisingly, these banks trade at significant discounts to SBI.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter