We do not expect any major price action at SBI counter as the swap ratio being largely neutral
A day after large banks such as Punjab National Bank and IDBI Bank increased base rates, state-run lenders Indian Overseas Bank and Indian Bank followed.
Employee integration and branch rationalisation are major challenges.
Since January this year, RBI has cut the repo rate - at which it lends to commercial banks -- to a gross of 1.25 per cent.
Country's biggest lender State Bank of India had proposed merger of five associate banks.
The RBI also looked into the effectiveness of systems and processes for implementation of KYC norms
Seeking to create a global-sized bank, the Cabinet on Wednesday gave the go-ahead to the merger plan of SBI and its five associates, a step aimed at strengthening the banking sector through consolidation of public banks.
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