<h1>Cabinet Approves Merger of SBI with Five Subsidiaries to Enhance Efficiency and Global Access Effective April 1, 2017.</h1> The Cabinet approved the merger of State Bank of India (SBI) with its five subsidiaries: State Bank of Bikaner Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, and State Bank of Travancore, effective April 1, 2017. This consolidation aims to achieve economies of scale, enhance operational efficiency, and improve risk management. The merger will streamline credit oversight and boost productivity, customer service, and profitability. Customers of the subsidiary banks will gain access to SBI's global network. This information was provided by a government official in response to a parliamentary question.