Re-surfacing of the buzz regarding consolidation of Indian public sector banks in recent times merits a re-look at the merger of State Bank of India’s (SBI) subsidiaries with itself. The consolidation will catapult SBI as one of the world’s top 10 largest banks. SBI has completed merger of two of its subsidiaries, namely State Bank of Indore and State Bank of Saurashtra earlier and now has five remaining subsidiaries...........
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