Page "State Bank of India" Paragraph 28

The first step towards unification occurred on 13 August 2008 when State Bank of Saurashtra merged with SBI, reducing the number of state banks from seven to six.

Then on 19 June 2009 the SBI board approved the merger of its subsidiary, State Bank of Indore, with itself.

SBI holds 98. 3 % in State Bank of Indore.

( Individuals who held the shares prior to its takeover by the government hold the balance of 1. 77 %.