Wednesday, July 3, 2013

One associate bank can be merged in FY'14: Pratip Chaudhuri

State Bank of India (SBI) today said it is in a position to merge one of the five associate banks in the current fiscal.

"Right now we are in a position to merge one of the subsidiaries in the current fiscal. Which one will depend on the committee report. It can happen in the third or the fourth quarter," SBI Chairman Pratip Chaudhuri said.

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