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Cabinet nod for merger of BMB with SBI likely in 3 months

Union Cabinet has already given in-principle approval to the merger of BMB with State Bank of India

Press Trust of India  |  New Delhi 

The government is expected to give final approval to the merger of Bharatiya Mahila Bank with the country's largest lender SBI within three months. The Cabinet last month approved amalgamation of five associates of SBI with the parent but the merger of Bharatiya Mahila Bank (BMB) was not considered due to some issues, sources said. "Now it a is matter of time. The final approval from the Cabinet should come within three months," a source said. The Union Cabinet has already given in-principle approval to the merger of BMB with State Bank of India (SBI). With the ...

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