Tuesday, August 13, 2013

SBI to name subsidiary for merger by Sept-end

.........Chairman Pratip Chaudhuri said the preference will be to pick an associate bank that is weak on the deposits front. "We will look at a bank which is not very strong in retail deposits. SBI is cash surplus, it has more deposits than assets can absorb. We will look at a bank preferably which has more assets but does not have similar strength in deposits," ...........

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