B. P. Bijay Sankar; N.M.leepsa
Singapore Management Journal Vol. 8 No. 1, 2019 8 (1), 63-80
Publication year: 2019

The mega-merger of the State Bank of India and (SBI) its Associate Banks & Bharatiya Mahila Bank was completed in April 2017. This was the largest merger in the history of Indian banking industry where the State Bank of India merged with its five associate banks namely State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore(SBM), State Bank of Patiala(SBP), State
Bank of Travancore(SBT) and Bharatiya Mahila Bank. Since SBI is the largest bank in India in terms of profits, assets, deposits, branches, employees, the merger caught the attention of the media, analyst and experts. It was projected that the merger will result
in the SBI becoming among the top 50 banks in the world. The merger exercise raised concerns about the opportunities available and the possible obstructions. Various aspects of the SBI merger strategy and the outcomes were highlighted, including the
benefits and threats of bank mergers and acquisitions.

Keywords: India, State Bank of India (SBI), Mergers, Associate Bank

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