List of banks that have merged to form the State Bank of India

The State Bank of India (SBI) is the largest public sector bank in India, with a rich history dating back to 1806. It was formed through the merger of several banks.

One of the earliest mergers took place in 1914, when the Bank of Calcutta merged with the Bank of Bengal and the Bank of Bombay to form the Imperial Bank of India.

The Imperial Bank of India was later renamed the State Bank of India in 1955, after India gained independence. This marked a significant milestone in the bank's history.

The merger of the State Bank of India with the National Bank of India, the Bank of Mysore, and the Bank of Travancore in 2007 further expanded its reach and customer base.

Mergers in India have been a crucial part of the banking sector's growth. A merger is defined as a combination of two or more companies where the assets and liabilities of the selling firm are absorbed by the buying firm.

The government has been actively involved in promoting mergers to consolidate and expand the banking sector. The merger is important for consolidation and expansion purposes, helping to create a stronger institution and leading to increased efficiency and a stronger balance sheet.

The merger of public sector banks has been a strategic move to avoid bankruptcy and create a more robust banking system. The acquisition of shares by one company to gain control of another company is a common practice in the banking sector. In fact, the government had approved the merger of five associate banks with the State Bank of India (SBI) in February, followed by the merger of the Bharatiya Mahila Bank (BMB) in March.

Here are some key statistics about the merger:

The Cabinet Approval on Mergers in India is a significant step towards consolidation in the banking sector. The Union Cabinet has given a go-ahead for the merger proposal, which aims to combine 10 public sector banks into four. This decision was made to avoid bankruptcy and promote efficiency in the banking industry.

The merger is expected to create a stronger institution with a more efficient balance sheet. This will help to rationalize parameters such as expenses, branches, employees, and technology.

The government has been in regular touch with the banks involved in the merger. The exercise of consolidation is expected to be completed by April 1, 2020. This will bring about a significant change in the banking landscape of India.

The Cabinet Approval on Mergers in India is a crucial step towards promoting economic growth and stability. It will help to create a more robust banking system that can withstand economic challenges.

Here is a list of the banks involved in the merger:

Unfortunately, I have to inform you that there's no information about Indian merging with China in the article sections provided. However, I can tell you that Indian Bank did merge with Allahabad Bank on February 13th and 14th, 2021.

This merger is a significant example of consolidation in the Indian banking sector, where institutions are combining forces to improve efficiency and competitiveness.

Indian Bank merged with Allahabad Bank, which is a notable development in the industry.

The exact date of the merger is February 13th and 14th, 2021.

The State Bank of India has a rich history of mergers and acquisitions, which has shaped it into the entity it is today. The bank was formed in 1955 after the Imperial Bank of India was renamed.

The Madras Bank, established in 1683, was one of the earliest banks to be merged into the State Bank of India. It merged with the Carnatic Bank, The British Bank of Madras, and the Asiatic Bank in 1843 to form the Bank of Madras. This was a significant milestone in the history of the State Bank of India.

Here's a list of some of the key mergers that formed the State Bank of India:

The State Bank of India has continued to grow and expand through mergers and acquisitions, with the merger of the State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Travancore, State Bank of Patiala, and State Bank of Hyderabad in 2017 being a significant milestone. This merger helped the State Bank of India to become one of the top 50 banks in the world.