"In the next two days, we will be informing the chairman of the name of the entity most suitable for the merger," managing director S Vishwanathan told reporters on the sidelines of an event here this evening.
Vishwanathan, who looks after SBI associates and subsidiaries, said by the end of September, he hopes that some decision to be made, after which it will go for regulatory approvals.
He, however, declined to comment when asked if a listed or an unlisted bank will be merged.
Vishwanathan said the employees of the merged entity will get the same benefit as SBI staff, including pension.
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Vishwanathan, who looks after SBI associates and subsidiaries, said by the end of September, he hopes that some decision to be made, after which it will go for regulatory approvals.
He, however, declined to comment when asked if a listed or an unlisted bank will be merged.
Vishwanathan said the employees of the merged entity will get the same benefit as SBI staff, including pension.
Click HERE for the complete article.
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