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Cabinet to consider SBS-SBI merger

January 29, 2008 14:24 IST
Source:PTI
Undeterred by a countrywide banking strike on Friday, the Cabinet is likely to take up next week a proposal for merger of State Bank of Saurashtra with its parent State Bank of India, Finance Ministry sources
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said.

While boards of both the banks had approved the merger plan, bank employees went on one-day strike protesting the move.

State Bank of Saurashtra is one of the seven associate bank of SBI.
Source: PTI
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