A top State Bank of India official today said the name of the suitable associate bank to be merged with the parent bank will be submitted to the management in the next two days. "In the next two days, we will be informing the chairman of the name of the entity most suitable for the merger," managing director S Vishwanathan told reporters on the sidelines of an event here this evening.
Vishwanathan, who looks after SBIBSE 1.51 %associates and subsidiaries, said by the end of September, he hopes that some decision to be made, after which it will go for regulatory approvals. He, however, declined to comment when asked if a listed or an unlisted bank will be merged.
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