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Board of State Bank of India approves schemes of acquisition without modifications

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Capital Market

On 29 September 2016

State Bank of India announced that the Central Board of Bank at its meeting held on 29 September 2016 has considered the report of an Independent Expert Committee to consider the written objections received from shareholders of the Bank in terms of the Grievance Redressal Mechanism set up as part of the schemes of acquisition of State Bank of Bikaner & Jaipur, State Bank of Mysore, State Bank of Travancore and Bhartiya Mahila Bank approved by the Central board of Directors at its meeting held on 18 August 2016, and has approved the said schemes without any modifications thereto.

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First Published: Sep 29 2016 | 3:06 PM IST

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