This article was first published 18 years ago

Cabinet to consider SBS-SBI merger

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Undeterred by a countrywide banking strike on Friday, the Cabinet is likely to take up next week a proposal for merger of State Bank of Saurashtra with its parent State Bank of India, Finance Ministry sources
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said.

While boards of both the banks had approved the merger plan, bank employees went on one-day strike protesting the move.

State Bank of Saurashtra is one of the seven associate bank of SBI.
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