Center approves SBI-State Bank of Saurashtra merger

Subscribe to Oneindia News

Mumbai, Aug 14: The process of merger of associate banks with the State Bank of India, amidst stiff opposition from employees union, had been given a green signal by the Union finance Minister with the Department of Financial Services passing an order to enable SBI to acquire State bank of Saurashtra.

According to a SBI information to the BSE, the merger would come into effect on the effective date as may be notified in the official Gazette by the Union Government.

UNI

Please Wait while comments are loading...