Saturday, October 30, 2010

History. State Bank of Indore Is No More

I wonder how long this board will stay. State Bank of Indore is now part of history. It has now merged with the State Bank of India. Hoarding seen near Modi Garden, just as one crosses the bridge on the Gambhir river.

"All branches of State Bank of Indore will function as branches of State Bank of India from August 27, 2010. Customers, including depositors of State Bank of Indore will be able to operate their accounts as customers of State Bank of India with effect from August 27," the Reserve Bank of India said in a statement.
Click here to read an article on the merger (Business Standard, Aug 27, 2010)

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