Government has said the interest of the employees of five associate banks will be taken care in the proposed merger with the State Bank of India.Finance Minister Arun Jaitley in a written reply in the Lok Sabha today said, the centre has sanctioned the proposal of SBI to enter into negotiations with its subsidiary banks as well as Bhartiya Mahila Bank for acquiring them including their liabilities. Mr Jaitley said, the proposal for acquisition has been originated by respective boards. He said, SBI has informed that the pay and allowances offered to employees or officers of the merging banks will not be less than the overall pay and allowances as they would have drawn in the merging banks. SBI has five associate banks-State Bank of Bikaner and Jaipur, State Bank of Travancore, State Bank of Patiala, State Bank of Mysore and State Bank of Hyderabad.