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SBI to merge one of its 5 associate banks soon

SBI to merge one of its 5 associate banks soon

One of five subsidiaries of State Bank of India (SBI) will be merged with it in this fiscal, the leading Indian bank said on August 27. Firt, it merged with it its associate State Bank of Saurashtra in 2008. Two years later in 2010, State Bank of Indore was merged with SBI.