 "SBI to begin FY18 as banking behemoth")
State Bank of India (SBI) will start the new financial year with a Rs 33.5-lakh crore balance sheet, on merger of five associate banks and Bharatiya Mahila Bank with itself. The merged entity will find itself among the top 50 global lenders.
The five associate banks — State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore — will now work as a combined entity from April 1. The integrated entity will have 270,000 people on roll, with a network of 24,000 branches and 59,000 ATMs.
The five associate banks — State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore — will now work as a combined entity from April 1. The integrated entity will have 270,000 people on roll, with a network of 24,000 branches and 59,000 ATMs.
