HOW EFFECTIVE SBI MERGER IS FOR THE INDIAN BANKING SECTOR?

State Bank of India (SBI) merger with its associate banks (State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore and Bharatiya Mahila Bank) has several facets. A top union leader of All India State Bank of India Staff Federation (AISBISF) revealed that after the merger, its membership has increased considerably. It is already 1,70,000-members strong and is expected to soon touch the phenomenal member strength of 2,00,000. 28,000 members who once used to work in the erstwhile associate banks have already joined it.