MUCH TALKED MERGER OF BANKS APPROVED BY SBI

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Business Mantra: Faridabad


  • India’s largest bank State Bank of India (SBI) has approved merger of operations with 6 banks.
  • State Bank of Travancore (SBT), State Bank of Bikaner & Jaipur, (SBBJ), State Bank of Hyderabad (SBH), State Bank of Patiala (SBOP), State Bank of Mysore (SBM), and Bhartiya Mahila Bank (BMB) will now get merged with SBI.
  • Till date this is largest consolidation of banks in India.
  • Now SBI will issue its shares to shareholders of other banks in the following ratio:-

For 10 shares of SBBJ                      =                             28 shares of SBI

For 10                  SBT                          =                             22 shares of SBI

For 10                    SBM                       =                             22 shares of SBI

  • State bank’s asset base and business size will now get many fold jump.

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