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Title : SBI's five associated banks to merge with SBI wef April 01,2017
link : SBI's five associated banks to merge with SBI wef April 01,2017

SBI's five associated banks to merge with SBI wef April 01,2017

SBI's five associated banks to merge with SBI wef April 01,2017

On February 16,2017  the NDA Govt Cabinet gave its final approval to merger of SBI and its five associates - State Bank of Bikaner & Jaipur, State Bank of Mysore, State Bank of Travancore, State Bank of Patiala and State Bank of Hyderabad.

Post-merger, the combined entity will have 23,899 branches and employee strength of 2,71,765.

On the balance sheet size, she said that as of December, consolidated deposits were a little over Rs 2,604,473 crore (Rs 26.04 trillion) and advances stood at Rs 18,76,727 crore (Rs 18.76 trillion). 

The consolidated balancesheet stood at Rs 32,18,498 crore (Rs 32.18 trillion).

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