Union Cabinet approves merger of 5 associate banks with SBI

The Union Cabinet has approved merger of country’s largest lender State Bank of India (SBI) and its associate banks in order to bring the state-owned entity on a par with global lenders. 5 associate banks of SBI are: (i) State Bank of Bikaner and Jaipur, (ii) State Bank of Hyderabad, (iii) State Bank of Mysore, ..

Month: Current Affairs - June, 2016

Topics: Banking • Business • Cabinet Decisions • Economy • Financial Inclusuion • National • SBI