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Rank Name of the Bank Year of Founding Year of Closing Fate Headquartered in References [1]; 1: The Madras Bank (1683) 1683: 1843: Merged with the Carnatic Bank, The British Bank of Madras (1795), and the Asiatic Bank to form the Bank of Madras in 1843
On 15 February 2017, the Union Cabinet approved the merger of five associate banks with SBI. [55] An analyst foresaw an initial negative impact as a result of different pension liability provisions and accounting policies for bad loans. [56] [57] The merger went into effect from 1 April 2017. [58] State Bank of India Mumbai LHO
It was established on 8 February 1941, as the Hyderabad State Bank. [1] From 1956 until 31 March 2017, it had been the largest associate bank of the SBI. After formation of Telangana in 2014, SBH was the lead bank of the newly created state. The State Bank of Hyderabad was merged with State Bank of India on 1 April 2017.
State Bank of Patiala, founded in 1917, was an associate bank of the State Bank Group.It merged with State Bank of India on 1 April 2017. At the time of its merger, State Bank of Patiala had a network of 1445 service outlets, including 1314 branches, in all major cities of India, but most of the branches were located in the Indian states of Punjab, Haryana, Himachal Pradesh, Rajasthan, Jammu ...
State Bank of Indore (Indore Bank) was a government-owned Indian bank and the largest of State Bank of India's (SBI) six associate bank subsidiaries. In October 2009, the Government of India gave its in-principle approval to a merger between State Bank of India and State Bank of Indore. [1] On 15 July 2010 the Cabinet cleared the merger.
It was the premier bank of Kerala. Overall, As of 31 March 2015, SBT had a network of 1,157 branches and 1,602 ATMs, covering 18 states and three union territories. On 15 February 2017, the Union Cabinet approved a proposal to merge SBT and four other associate banks with SBI. [1] It finally merged with its parent bank on 31 March 2017.
The State Bank of India or SBI is an Indian multinational, public sector banking and financial services statutory body, headquartered in Mumbai. SBI is ranked as 216th in the Fortune Global 500 list of the world's biggest corporations of 2018.
Now the bank is an Associate Bank under State Bank Group and the State Bank of India holds 92.33% of shares. [5] The Bank's shares were listed in Bangalore, Chennai, and Mumbai stock exchanges. This bank had 976 branches and 10627 employees (June 2014) and the Bank has 772 branches (79%) in Karnataka State. [6]