The proposed creation of Telangana State has thrown a spanner in State Bank of India’s plans for merger of its largest associate, State Bank of Hyderabad, with itself.
SBI Chairman Pratip Chaudhury had earlier indicated that a decision on merging one of its associate banks would be taken after July. “An internal committee to evaluate the possible candidate for merger has been appointed and it is expected to submit its report anytime now,” a top executive of SBI told Business Line.
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