SBI Chairperson Arundhati Bhattacharya has said it was not looking forward to merge any of its associate banks with itself. Speaking to reporters in Mumbai Friday, Ms. Bhattacharya said SBI expects all associate banks to turn in better results in the next financial year. SBI has five associate banks, namely State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Patiala, State Bank of Travancore, besides State Bank of Mysore.The SBI Chairperson, however said that the bank is keen on selling some of its stake in insurance subsidiaries and is in talks with respective joint ventures for the same.
News On AIR | February 14, 2015 9:52 AM
SBI not looking forward to merge any of its associate banks with itself: Arundhati Bhattacharya