SBI unfolds as one bank post-merger

State Bank of India has started working as one bank with 500 million customers, post-merger of five of its past associate banks from Monday.

The associate banks that have merged with the parent bank are, State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore.

The treasuries of State Bank of India and its associates have also been completely consolidated and already started their operations as a single entity.