The much hyped and talked about topic in the banking sector of the country is the merger of State Bank of India with five of its associates. The merger will turn the State Bank of India into largest lender in the country and the bank would be recognised as one of the top 50 banks in the world with large asset base. The bank will obviously get huge benefits through this move.
As per a report filed by a national news agency, the bank would actually witness the benefits of the merger in third quarter of 2017-18.
The first two quarters of 2017-18 would increase the costs of SBI temporarily since the bank may remain busy in relocating their people. However, when the bank will start leveraging productivity gains then the costs are likely to go down.