Question Bank - Banking & Financial Services

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How many associate banks were merged with the State Bank of India in the year 2017?

A.
4
B.
5
C.
6
D.
7

Solution:

The correct answer is 5. 5 associate banks were merged with the State Bank of India in the year 2017. These banks were State Bank of Bikaner and Jaipur (SBBJ),State Bank of Travancore (SBT),State Bank of Patiala (SBP),State Bank of Mysore (SBM),State Bank of Hyderabad (SBH). Additional InformationThe merger was approved by the cabinet in June 2016 to make it a global-sized bank. The government order read œthe entire undertaking of SBBJ, SBM, SBT, SBP and SBH shall stand transferred to and vested in the State Bank of India from April 01, 2017. State Bank of Saurashtra was merged with SBI in 2008. State Bank of Indore was merged with it in 2010. State Bank of IndiaHeadquarters- Mumbai, MaharashtraChairperson- Dinesh Kumar KharaDownload Solution PDFShare on Whatsapp

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