SBI Associate banks propose merger with parent SBI
After over five years of hiatus, associate banks of SBI including State Bank of Bikaner and Jaipur have proposed to merger with the parent lender.
The respective boards have proposed merger with the State Bank of India (SBI) in a meeting , sources said.
The meeting of central board of SBI is going to consider the merger, they added.
Meanwhile, a section of employee unions have registered protest against any such move and threatened to go on a strike if such move is approved by the SBI and the government.