India: SBI planning a merger with five associate banks from 1 April

India: SBI planning a merger with five associate banks from 1 April

State Bank of India. Photo: Pradeep Gaur/Mint

The government on Thursday said that 1 April will be the record date for the merger of State Bank of India (SBI) with five of its associate banks.

The associate banks are State Bank of Bikaner and Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Hyderabad (SBH) and State Bank of Patiala (SBP).

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