LOOKS GOOD @ 267.70 FOR 273
THIS IS MY PERSONAL VIEW
With reference to the earlier letter dated February 15, 2017, State Bank of India has now informed BSE that the Government of India has issued the following Orders dated February 22, 2017, under sub-section (2) of Section 35 of the State Bank of India Act, 1955.1. Acquisition of State Bank of Bikaner & Jaipur Order, 20172. Acquisition of State Bank of Mysore Order, 20173. Acquisition of State Bank of Travancore Order, 2017,4. Acquisition of State Bank of Patiala Order 20175. Acquisition of State Bank of Hyderabad Order, 2017.In terms of the said Orders, the entire undertaking of SBBJ, SBM, SBT, SBP and SBH shall stand transferred to and vested in the State Bank of India from April 01, 2017.The Bank submit herewith a copy of the Orders which have been published in the Gazette of India on February 23, 2017.
THIS WILL LEAD THE SBI STOCK TO CLIMB HIGHER... MY VIEW ONLY
SBI BECOMES THE LARGEST GLOBAL BANK FROM 1.4.17
State Bank of India (SBI) will merge its five associate banks with itself from April 1, in the largest consolidation exercise in the banking history of India.
Read more at: http://www.moneycontrol.com/news/business/sbi-to-mergeassociatesapril-1_8550101.html?utm_source=ref_article