I have come to collect info of State Bank Of India Merger so will you plz tell me about the same as my cousin asking me to shake his GK in banking subject ??

[prince karak]

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


As you asking I am telling On 1st April, 2017, the State Bank of India, which was India's largest bank, merged with five of its associate banks (State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore), and with the Bharatiya Mahila Bank.

It was the first ever large scale consolidation in the Indian banking industry. With the merger, SBI became one of the 50 largest banks in the world (balance sheet size of ₹33 trillion, 278,000 employees, 420 million customers, and more than 24,000 branches and 59,000 ATMs). SBI's market share was projected to increase to 22 percent from 17 per cent.


SBI - Post Merger List of OLD and NEW BIC for Erstwhile Associate Banks

Sl. No. Name of erstwhile ABs Effective date to use New BICs
1 State Bank of Travancore (SBTRINBB) 24th April 2017
2 State Bank of Mysore (SBMYINBB) 8th May 2017
3 State Bank of Bikaner & Jaipur (SBBJINBB) 15th May 2017
4 State Bank of Patiala (STBPINBB) 22nd May 2017
5 State Bank of Hyderabad (SBHYINBB) 29th May 2017

Bank profile


Type Public

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 Rajnish Kumar (Chairman)

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 ₹298,640.45 crore (US$47 billion) (2017)

Operating income ₹50,847.90 crore (US$7.9 billion) (2017)

Profit ₹10,484.10 crore (US$1.6 billion) (2017)

Total assets ₹2,705,966.30 crore (US$420 billion) (2017)

Total equity ₹144,274.65 crore (US$22 billion) (2016)

Owner Government of India (61.23%)

Number of employees 209,567 (2017)

Capital ratio 13.12% (2016)