Merger of State Bank Of Mysore With State Bank Of India

Hi guys will you plz tell me about proposed merger of the State Bank of Mysore with State Bank of India , as my sister asking for it ??

[shikha]

State Bank of India is an Indian multinational, public sector banking and financial services company.

As you asking I am telling proposed merger of the State Bank of Mysore with State Bank of India should be smooth on the back of various synergies between the two public sector lenders in the form of similar business philosophy, technology platform among others.

State Bank of India profile:

Type Public company

Traded as NSE: SBIN

BSE: 500112

LSE: SBID

BSE SENSEX Constituent

CNX Nifty Constituent

Industry Banking, financial services

Founded 2 June 1806, Bank of Calcutta

27 January 1921, Imperial Bank of India

1 July 1955, State Bank of India

2 June 1956, nationalization

Headquarters Mumbai, Maharashtra, India

Area served Worldwide

Key people Arundhati Bhattacharya

(Chairperson)

Products Consumer banking, corporate banking, finance and insurance,
investment banking, mortgage loans, private banking, private equity, savings,
securities, asset management, wealth management, credit cards,

Revenue 2.7287103 trillion (US$41 billion) (2016)

Profit 127 billion (US$1.9 billion) (2016)

Owner Government of India

Number of employees 293,459 (2016)