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Detailed explanation-1: -New Delhi: Five associates and the Bharatiya Mahila Bank became part of the State Bank of India (SBI) on Saturday, catapulting the country’s largest lender to among the top 50 banks in the world.

Detailed explanation-2: -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. The sixth bank was the Bharatiya Mahila Bank. Although the banks were merged, the shares of this associate were termed as individual entities.

Detailed explanation-3: -In June 2016, the Cabinet approved the merger of State Bank of India (SBI) and five of its subsidiary banks to make it a global-sized bank. The merged entity will become a banking behemoth with an asset base of about Rs 37 lakh crore with 22, 500 branches and 58, 000 ATMs.

Detailed explanation-4: -In 2017, State Bank of India merged with itself five of its associate banks–State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Travancore, State Bank of Hyderabad, and State Bank of Patiala-along with Bharatiya Mahila Bank.