State Bank of India chairman Pratip Chaudhuri, retiring by the end of this month, has left the decision on more merger of associate banks to his successor. Earlier, SBI was to announce in this month the name of the associate bank it would be next merging with itself.
"I think it is right for me to leave that (name of the bank) decision to my successor," Chaudhuri told Business Standard.. "I would have liked to merge at least one bank but the capital position was so precarious that I couldn't," he said. He said as there would be a shuffle of top management jobs after his retirement, it was appropriate to leave the decision to his successor.
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