BUSINESS

Rediff.com » Business

Cabinet to consider SBS-SBI merger
Source: PTI
January 29, 2008 14:24 IST
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
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© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
© 2024 Rediff.com