 "Logo of State Bank of India")
The Union Cabinet could take a decision on merging Bharatiya Mahila Bank (BMB) into State Bank of India (SBI) in the coming months.
“It will happen soon. Over the coming few months, you can expect an approval,” a senior official in the know told Business Standard.
On Wednesday, the Cabinet approved merger of five associate banks with SBI, which would make it among the top 50 global lenders. BMB was part of the proposal but its approval was not given.
“You need to look at synergies in considering a merger. The five associate banks are what one would consider mature assets. BMB is
