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Cabinet approves acquisition of subsidiary banks of State Bank of India

News and Press Release - Dated:- 16-2-2017 - The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the acquisition by the State Bank of India of its subsidiary banks namely State Bank of Bikaner and Jaipur, State Bank of Hy .....

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1956. The merger is likely to result in recurring savings, estimated at more than ₹ 1,000 crore in the first year, through a combination of enhanced operational efficiency and reduced cost of funds. Existing customers of subsidiary banks will b .....

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