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 ______________

Question

Accepted Answer

1. Standalone SBI assets: approximately $30$ lakh crore (reported estimates around the merger period).

2. Combined assets of the five associate banks: roughly $7$ lakh crore when summed together.

3. Total assets after merger = $30\ 	ext{lakh crore} + 7\ 	ext{lakh crore} = 37\ 	ext{lakh crore}$.

Thus the merged entity's total assets are estimated to be around Rs. $37$ lakh crores, so option A is correct.

FINAL_ANSWER: a

Answer

Answer

Answer

Answer