State Bank of India Commercial and International Bank Limited Branches start operating as SBI Branches from Today

All branches of State Bank of India Commercial and International Bank Limited started functioning as branches of State Bank of India from July 29, 2011. Customers, including depositors, of State Bank of India Commercial and International Bank Limited are able to operate their accounts as customers of State Bank of India.

The change came in the wake of the Government of India issuing today the Acquisition of State Bank of India Commercial and International Bank Limited Order, 2011. The notification, published in the Gazette of India under Extraordinary Part II-Section 3 (i), sanctions the acquisition of State Bank of India Commercial and International Bank Limited by State Bank of India in terms of section 35(2) of the State Bank of India Act, 1955. The Order of Acquisition is effective on July 29, 2011.

Alpana Killawala
Chief General Manager

Press Release : 2011-2012/159