state bank of bikaner and jaipur merged in sbi

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   The State Bank of Bikaner and Jaipur (SBBJ) merged with the State Bank of India (SBI) on April 1, 2017. This merger was part of a larger consolidation effort in which SBI absorbed five of its associate banks, which also included the State Bank of Mysore, State Bank of Travancore, State Bank of Patiala, and State Bank of Hyderabad. This move was aimed at strengthening the balance sheet of SBI, expanding its footprint, and enhancing operational efficiencies.

   The merger was approved by the Union Cabinet in February 2017, and it marked a significant step in the Indian banking sector’s restructuring process. Post-merger, SBI became one of the largest banks in the world, with increased assets, customer base, and branches​

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