With the merger in April 2017, State Bank of India has entered the league of Top 50 Global Banks with a balance sheet size of

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

With the merger in April 2017, State Bank of India has entered the league of ‘Top 50 Global Banks’ with a balance sheet size of

A	Rs. 54 trillion
B	Rs. 32 trillion
C	Rs. 41 trillion
D	Rs. 67 trillion

Explanation:

Detailed explanation-1: -On April 1, 2017, State Bank of India (SBI) successfully merged with its five associate banks and Bharatiya Mahila Bank . By this merger, SBI entered the league of Top 50 Global Banks which ranks 44th and a balance sheet size of Rs 41 lakh crore along with the new logo. State Bank of Travancore.

Detailed explanation-2: -Five of SBI associate banks along with Bhartiya Mahila Bank merged with SBI on April 2017. 3 Presidency banks, Bank of Bombay, Bank of Madras, and Bank of Bengal were merged to form Imperial banks in 1921.

Detailed explanation-3: -Annual Global Bank Ranking (2021), the State Bank of India was at 57th rank with $638.49 billion in assets, according to S&P Global Market Intelligence.

Detailed explanation-4: -On 1st April 2017, SBI merged with 5 of its associate banks and one other bank. This brought into SBI the 50 largest banks in the world. These associate banks included State Bank of Jaipur, Bikaner, Mysore, Travancore, Hyderabad, and Patiala.

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