Press Esc to close
Friday 22 September 2017
News updated at 3:56 AM IST

Five associate banks' branches to become part of SBI

MUMBAI: March 21, 2017, DHNS 0:00 IST
SBI had approved the merger of five of its associate banks and Mahila Bank with itself in August 2016. The government had, in a notification dated February 22, 2017, stated that the entire undertaking of the five associate banks shall stand transferred to, and vested in the SBI from April 1, 2017. PTI file photo

SBI had approved the merger of five of its associate banks and Mahila Bank with itself in August 2016. The government had, in a notification dated February 22, 2017, stated that the entire undertaking of the five associate banks shall stand transferred to, and vested in the SBI from April 1, 2017. PTI file photo

The Reserve Bank of India (RBI) has stated that branches of the five associate banks which are being merged with the State Bank of India (SBI), will function as branches of the latter from April 1, 2017.

“All branches of State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP) and State Bank of Travancore (SBT) will function as branches of SBI from April 1, 2017,” RBI said. “Customers, including depositors of State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore will be treated as customers of State Bank of India with effect from April 1, 2017,” RBI added.

SBI had approved the merger of five of its associate banks and Mahila Bank with itself in August 2016. The government had, in a notification dated February 22, 2017, stated that the entire undertaking of the five associate banks shall stand transferred to, and vested in the SBI from April 1, 2017.

The merger, when it is completed will result in a bank which will have assets of over Rs 37 lakh crore ($555 billion), 22,500 branches and 58,000 ATMs.

Go to Top

Photo Gallery
Vehicles wade through a flooded road after heavy rains in Thane district of Maharashtra on...

Vehicles wade through a flooded road after heavy rains in Thane district of Maharashtra on...

Real Madrid's Cristiano Ronaldo closes his eyes during Spanish the La Liga soccer match between...

Real Madrid's Cristiano Ronaldo closes his eyes during Spanish the La Liga soccer match between...

A woman covers herself with a plastic bag as she makes her way to work as Hurricane Maria...

A woman covers herself with a plastic bag as she makes her way to work as Hurricane Maria...

An artisan applies finishing touches on an idol of the Hindu goddess Durga, before it is...

An artisan applies finishing touches on an idol of the Hindu goddess Durga, before it is...

Bollywood actress Nidhhi Agerwal showcases a creation by designer Rajat K Tangri during the...

Bollywood actress Nidhhi Agerwal showcases a creation by designer Rajat K Tangri during the...

People pushing a car at a waterlogged road after heavy rains in Varanasi on Thursday...

People pushing a car at a waterlogged road after heavy rains in Varanasi on Thursday...

Policemen guard outside former chief minister S M Krishna's son in-law Siddartha's corporate ...

Policemen guard outside former chief minister S M Krishna's son in-law Siddartha's corporate ...

Indian players celebrate the dismissal of Australia's David Warner...

Indian players celebrate the dismissal of Australia's David Warner...

Actor Kamal Haasan with Aam Aadmi Party (AAP) chief and Delhi Chief Minister Arvind Kejriwal...

Actor Kamal Haasan with Aam Aadmi Party (AAP) chief and Delhi Chief Minister Arvind Kejriwal...

A man is rescued from a collapsed building in the Condesa neighborhood of Mexico City after an...

A man is rescued from a collapsed building in the Condesa neighborhood of Mexico City after an...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.