State Bank of India SBI has initiated the process of merging its five associate banks with itself Th...........

General Awareness : Finance Banking Awareness

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

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Rs. 37 lakh crores

Rs. 72 lakh crores

Rs. 60 lakh crores

Rs. 48 lakh crores

Rs. 15 lakh crores

Explanation:

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- Rs. 15 lakh crores is outdated; SBI passed that benchmark before the merger.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.