1.

How many associate banks were merged with the State Bank of India in the year 2017?1. 42. 53. 64. 7

Answer» Correct Answer - Option 2 : 5

The correct answer is 5.

  • 5  associate banks were merged with the State Bank of India in the year 2017.
    • These banks were 
      • State Bank of Bikaner and Jaipur (SBBJ),
      • State Bank of Travancore (SBT),
      • State Bank of Patiala (SBP),
      • State Bank of Mysore (SBM),
      • State Bank of Hyderabad (SBH).

  • The merger was approved by the cabinet in June 2016 to make it a global-sized bank.
    • The government order read “the entire undertaking of SBBJ, SBM, SBT, SBP and SBH shall stand transferred to and vested in the State Bank of India from April 01, 2017.”
    • State Bank of Saurashtra was merged with SBI in 2008.
    • State Bank of Indore was merged with it in 2010.
  • State Bank of India
    • Headquarters- Mumbai, Maharashtra
    • Chairperson- Dinesh Kumar Khara


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