Sbm

SBI board approves merger of 3 associate banks and BMBL

State Bank of India's board today approved merger of three associate lenders and Bharatiya Mahila Bank (BMBL) with SBI, a move which will make the state owned lender a bank of global size.

SBI-associates merger will create an elephant difficult to tame

Looking at the broader picture, the government’s move to merge SBI’ five associates and BMB with SBI has all the signs of a forced merger.