Saturday, June 8, 2013

SBI chief says merger of associate banks can start by September

State Bank of India (SBI) has said that the proposed merger of its five associate banks with itself could start by September after a high-powered committee submits its report on the same. The high-powered committee, headed by SBI managing director S Vishwanathan, would furnish its report by July-August, and later based on the report the merger process could start by September, SBI chairman Pratip Choudhuri told reporters in Jaipur on Friday............

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