Cabinet approves SBI's merger with 5 associates
The Cabinet today approved the merger of State Bank of India with five of its associate banks and the Bharatiya Mahila Bank, as part of the government's plan for consolidating public sector banks. The associate banks are State Bank of Bikaner and Jaipur, State Bank of Travancore, State Bank of Patiala, State Bank of Mysore and State Bank of Hyderabad.