State Bank of India (SBI) today said the proposed merger of its five associate banks with itself could start by September after a high-powered committee submits its report on the same.
The high-powered committee headed by SBI Managing Director, S Vishwanathan would furnish its report by July-August, and later based on the report the merger process could start by September, SBI Chairman Pratip Choudhuri said here.
State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, and State Bank of Travancore would be the target associate banks for merger, Chaudhuri said.
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