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Minisha

· started a discussion

· 1 Months ago

State Bank of India Merger - 5 Associate Banks and BMB megre with SBI

Five Associates of SBI namely State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP) and State Bank of Travancore (SBT), besides Bharatiya Mahila Bank (BMB) merged with SBI with effect from April 1. The total customer base of the bank will reach 37 crores with a branch network of around 24,000 and nearly 59,000 ATMs across the country.

The merged entity will have a deposit base of more than Rs. 26 lakh crore and advances level of Rs. 18.50 lakh crore.

Share your opinion on this merger?

Vineesh Nair

· commented

· 1 Months ago

The merger augurs well for the Indian banking system and given SBI's better management can result in improved efficiencies over all for the merged bank.The bank may think of eliminating overlapping branches to cut costs.Many fof the associates have branches in far-flung areas where there is no presence of SBI or for that matter any PSB.This can help SBI to widen its reach and improved business mix.

WP Admin

· commented

· 1 Months ago

This will definitely increase the employment number and opportunities for bank aspirants will increase.. Kudos to SBI!

satish chandra sharma

· commented

· 1 Months ago

Wow .. Good ......Thanks for information..........
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