SBI's merger could see the banking behemoth leapfrogging into the global top 50

BY 

DEEPALI GUPTA

, ET BUREAU | MAY 11, 2017, 06.42 AM IST

It’s like a diet. Sometimes the simplest things are the hardest to implement,” says Arundhati Bhattacharya, chairman, State Bank of India (SBI), drawing a health analogy like the quintessential Bengali. 

In mid-February, when the government approved the proposal to make India’s largest lender even larger by combining forces with subsidiaries, Bhattacharya and her lieutenant, Dinesh Khara, managing director of SBI’s associates and subsidiaries, decided to take this “once-in a-lifetime .. 

On April 1, a unified behemoth — with State Bank of Bikaner & Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Patiala (SBP) and State Bank of Hyderabad merged into the parent — kicked off operations. 

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