The board of country’s largest lender, State Bank of India, has approved the merger of its associate banks, along with Bhartiya Mahila Bank, with itself.
The board of country’s largest lender, State Bank of India, has approved the merger of its associate banks, along with Bhartiya Mahila Bank, with itself.

As per the approved merger ratios for each of the banks, the scheme provides for allotment of: –

  • 28 equity shares of Rs 1 each of SBI for every 10 equity shares of Rs 10 each of State Bank of Bikaner and Jaipur.
  • 22 equity shares of Rs 1 each of SBI for every 10 equity shares of Rs 10 each of State Bank of Mysore.
  • 22 equity shares of Rs 1 each of SBI for every 10 equity shares of Rs 10 each of State Bank of Travancore.
  • 4,42,31,510 equity shares of Rs 1 each of SBI for every 100 crore equity shares of Rs 10 each of Bhartiya Mahila Bank The merger will add to the strength of SBI; which, at assets of about Rs 23 lakh crore, is roughly one-fourth of the Indian banking system.