According to Sri O.P. Bhatt, Chairman, State Bank of India plans to discuss the issue of merging the remaining five associate banks with the government.
SBI Chairman O P Bhatt said the bank would discuss with the government whether it should go ahead with the consolidation of some more associates. There would be consultations with the five associate banks as well to make the process relatively faster and easier.
Referring to the choice of banks for merger, he said it didn’t matter whether it was listed or unlisted. What mattered was how smoothly it could be done, as SBI had an experience in terms of modalities.
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