Cabinet greenlights merger of SBI, 5 associate banks

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Seeking to create a global-sized bank, the Cabinet on Cheap Ray Ban Sunglasses Wednesday gave the go-ahead to the merger plan of SBI and its five associates, a step aimed at strengthening the banking sector through consolidation of public banks.

However, Oakleys sunglasses Outlet no decision was taken on the proposal to also merge Bruschetta the Bharatiya Mahila Bank with SBI.

The merger is likely to result in recurring savings, estimated at more than Rs 1,000 crore in cheap oakleys sunglasses the first year, through a combination Cheap Jordans Sale of enhanced operational efficiency and reduced cost of funds, read an official statement.

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