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    'An evening to remember': Gill & Co. present signed bat to Indian High Commissioner in London

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    WCL 2025: India Champions look to end campaign on high

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    De Minaur saves 3 championship points to clinch Washington title

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    Gambhir advocates injury replacements in Tests; Stokes call the idea 'ridiculous'

    Tendulkar hails India’s fighting spirit at Old Trafford, backs team for series finale

    Tendulkar hails India’s fighting spirit at Old Trafford, backs team for series finale

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    Sports Min Mandaviya leads ‘Sundays on Cycle’ honouring Kargil heroes

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    Fernandez sets summit clash with Kalinskaya in Washington

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Merger of five subsidiary banks with SBI

ENEWSTIME Desk by ENEWSTIME Desk
February 15, 2017 - Updated on July 18, 2025
in India, Old Archive
Merger of five subsidiary banks with SBI
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Feb 15, 2017: Cabinet today approved merger of five subsidiary banks with State Bank of India. Briefing reporters in New Delhi today, Finance Minister Arun Jaitley said, the merger is likely to result in recurring saving, which is estimated at more than one thousand crore rupees in first year.He said, SBI will acquire State bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore. Mr Jaitley also said, existing customers of these subsidiary banks will benefit from access to SBI’s global network. He said, the move is excepted to strengthen banking sector and improve its efficiency and profitability. (AIR News)

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