SBI Chief Arundhati Bhattacharya has hinted that the mega merger of its five associate banks and Bharatiya Mahila Bank could be pushed to the next financial year as it is still awaiting the government notification in this regard. 
Ms. Bhattacharya said undertaking the merger process in the last quarter; considering that the government notifies the merger immediately; will not be a wise decision as there are a lot

of IT system changes during annual closing. Globally, SBI will come at the 45th position in terms of asset size after the merger with an asset base of 37 trillion rupees, 22,500 branches and over 58,000 ATMs and more than 50 crore customers. 
Ms. Bhattacharya said post the merger of five associate banks and Bharatiya Mahila Bank; the government's stake in the bank would stand at around 59 per cent.

No Comments For This Post, Be first to write a Comment.
Leave a Comment
Enter the code shown:

Can't read the image? click here to refresh

Todays Epaper

neerus indian ethnic wear
Latest Urdu News

Do you think Rishi Sunak can win the race to be the next UK prime minister?

Can't Say