All of us are aware that consolidation and
merger of public sector banks is one of the agenda of the Government under the
banking sector reforms. Amongst the nationalised Banks, their idea is to
consolidate the 19 Banks into 6 or 7 Banks.
In the SBI Group, their effort is to close down the 5 Associate Banks
and merge them with SBI.
for more detail click here>>AISBOPEF CIRCULAR 36