SBI's five associated banks to merge with SBI wef April 01,2017
On February 16,2017 the NDA Govt Cabinet gave its final approval to merger of SBI and its five associates - State Bank of Bikaner & Jaipur, State Bank of Mysore, State Bank of Travancore, State Bank of Patiala and State Bank of Hyderabad.
Post-merger, the combined entity will have 23,899 branches and employee strength of 2,71,765.
On the balance sheet size, she said that as of December, consolidated deposits were a little over Rs 2,604,473 crore (Rs 26.04 trillion) and advances stood at Rs 18,76,727 crore (Rs 18.76 trillion).
The consolidated balancesheet stood at Rs 32,18,498 crore (Rs 32.18 trillion).
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