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Arundhati Bhattacharya, SBI Chairman, said: “The intention is to complete the merger by March 2017, but there could be many ifs and buts.”

The merger will also catapult SBI into the top-50 banks globally.

However, the proposal does not include merger of State Bank of Patiala and State Bank of Hyderabad (SBH) with SBI. 

Telangana Finance Minister yet to discuss with Chief Minister KCR on SBH merger. 

State Bank of India (SBI) is cutting down the number of branches by 30 per cent by relocating and consolidating few branches. 

Upset SBH customer stages semi nude dharna in front of bank

State Bank of Hyderabad to set up 50 e-connect outlets

State Bank of Hyderabad to continue as independent bank