The State Bank of India (SBI) board on 18 August 2016 approved merger of its five associate banks and Bharatiya Mahila Bank (BMB) with itself.
Apart from the BMB, the 5 associate banks that will be merged with the SBI are -
i.    State Bank of Bikaner and Jaipur
ii.    State Bank of Hyderabad
iii.    State Bank of Mysore
iv.    State Bank of Patiala
v.    State Bank of Travancore
•    Further, the board also finalised the share swap ratio for three of the listed subsidiaries and Bharatiya Mahila Bank.
•    The listed subsidiaries of the SBI are - State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Travancore.
•    The merger will create a behemoth with an asset base of 37 lakh crore rupees or over 555 billion US dollar.
•    The merged entity will have 22500 branches and 58000 ATMs serving a customer base of over 50 crore.
•    SBI has close to 16500 branches, including 191 foreign offices across 36 countries while the five subsidiaries have nearly 6000 branches. 
 

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