The board of State Bank of India (SBI) has given the go-ahead to the proposed merger of the bank with its five associate banks and Bharatiya Mahila Bank (BMB).

The merger was cleared by India’s  union cabinet in June 2016. The associate lenders that will be merged into SBI are the State Bank of Bikaner and Jaipur, State Bank of Travancore, State Bank of Patiala, State Bank of Mysore and State Bank of Hyderabad.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

SBI has now cleared the share swap ratio for the merger of State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Travancore, and BMB.

Under the arrangement, shareholders of State Bank of Bikaner and Jaipur will receive 28 shares of SBI for every 10 shares held.

State Bank of Mysore and State Bank of Travancore shareholders will receive 22 SBI shares for every 10 shares held.

BMB shareholders will receive 4.42 crore shares of SBI for every 100 crore shares held.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The deal is now subject to approval by the Reserve Bank of India and the central government.