State Bank of India Update by Epic Research

State Bank of India (SBI), the nation’s biggest lender is all set to merge its five associate banks with itself to fund the economy that is on the cusp of a strong growth like China two decades ago. The combination of the associates will enhance the asset base of SBI to Rs 21.9 lakh crore, and add 5,658 branches to its 15,143 branches. The combined market share will rise to 24%, from 19%, making it a formidable force.



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Posted in: Indian Market Tips