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This list of banks that have merged to form the State Bank of India includes financial institutions that were at one point or the other merged with the State Bank of India or any of its subsidiaries. This list includes the banks which have been subsidiaries or associates of the State Bank of India.
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.
State Bank of India logo was designed by NID in 1971. The SBI logo was designed by the National Institute of Design, Ahmedabad in 1971. [74] The logo was designed by Shekhar Kamat and the logotype in 14 Indian languages was designed by Mahendra Patel. [75] [76] State Bank of India and all its associate banks used the same blue keyhole logo. [77]
Following a merger process, [43] [44] the merger of the 5 remaining associate banks, (viz. State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore); and the Bharatiya Mahila Bank) with the SBI was given an in-principle approval by the Union Cabinet on 15 June 2016. [45]
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 ...
And some of the more recent bank mergers are among the biggest in the U.S. On Feb. 19, Capital One announced that it’s acquiring Discover Financial Services for $35.3 billion which, if approved ...
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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.