State Bank of India (SBI) has initiated the process of merging its five associate banks with itself. The merged entity would create a financial sector powerhouse with total assets estimated to be worth around ______________
This questions was previously asked in
RBI Grade B 2016
Rs. 37 lakh crores
Correct AnswerRs. 72 lakh crores
Incorrect AnswerRs. 60 lakh crores
Incorrect AnswerRs. 48 lakh crores
Incorrect AnswerRs. 15 lakh crores
Incorrect AnswerExplanation:
Let’s break this down:
- State Bank of India (SBI) decided to merge its five associate banks, creating one massive entity.
- After the merger, SBI’s total assets are estimated to be around Rs. 37 lakh crores. (Correct Answer)
- The Rs. 72 lakh crores and Rs. 60 lakh crores options are far too high—these numbers are more in line with total banking industry assets, not just SBI.
- Rs. 48 lakh crores is a stretch; SBI’s assets did grow post-merger, but not to that extent.
- Rs. 15 lakh crores is outdated; SBI passed that benchmark before the merger.
So, Rs. 37 lakh crores is your answer—and yes, it’s right for this question.
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By: Parvesh Mehta