SBI merger Asset Value

Q.  The SBI merged entity will have an asset base of ____?
- Published on 08 Feb 17

a. 35 trillion
b. 37 trillion
c. 72 trillion
d. 45 trillion

ANSWER: 37 trillion
 
The SBI merged entity will have an asset base of Rs. 37 Trillion (37 lakh crore).

The negotiations for merging of 5 associate banks - State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore and Bharatiya Mahila Bank by acquiring their businesses including assets and liabilities with "SBI" started in 2016.

The merger of these six subsidiaries was approved by Union Cabinet on 15 June 2016.
  • State Bank of Patiala (founded 1917)
  • State Bank of Mysore (founded 1913)
  • State Bank of Bikaner & Jaipur (founded 1963)
  • State Bank of Hyderabad (founded 1941)
  • State Bank of Travancore (founded 1945)
  • Bharatiya Mahila Bank (founded 2013).

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