GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one of the subsidiary banks was merged with the State Bank of India on August 13, 2008?
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State Bank of Indore
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State Bank of Mysore
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State Bank of Saurashtra
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State Bank of Hyderabad
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Explanation:
Detailed explanation-1: -The State Bank of Saurashtra was merged with State Bank of India on August 13, 2008 as the RBI sanctioned the amalgamation.
Detailed explanation-2: -SBI first merged State Bank of Saurashtra with itself in 2008.
Detailed explanation-3: -The associate bank was merged with the SBI in October 2008 following resolutions passed by the boards of both the banks.
There is 1 question to complete.