Stay put in SBI, associates: Analysts

There could still be a price arbitrage as the merger date has not been made clear yet

Shares of all three listed associate banks of State Bank India (SBI) gained up to five per cent each in intra-day deals on Thursday, a day after the Cabinet approved the merger of 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 — with State Bank of India (SBI).

SBI, on the other hand, that gained nearly two per cent to hit a high of Rs 277 on the National Stock Exchange (NSE) in intra-day deals, trimmed gains to end 0.5 per