“…Mergers in the banking sector are taking place in phases. In 2017, the first large scale consolidation of banks took place when State Bank of India (SBI) acquired five of its domestic banking subsidiaries, or Associate Banks (namely, State Bank of Hyderabad, State Bank of Travancore, State Bank of Mysore, State Bank of Bikaner & Jaipur, and State Bank of Patiala) and the Bhartiya Mahila Bank (SBI Annual Report, 2017-2018. This integration became effective on and from 1 April 2017.…”