Cabinet clears merger of 5 associate banks with SBI

NEW DELHI . The Cabinet has approved the merger of five associate banks with the State Bank of India (SBI), which will catapult any bank from India to among the top 50 global lenders for the first time. The merger does not include Bharatiya Mahila Bank.
 
The five associate banks are State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore.

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