All branches of Bharatiya Mahila Bank Limited will function as branches of State Bank of India from April 1, 2017. Customers, including depositors of Bharatiya Mahila Bank Limited will be treated as customers of State Bank of India with effect from April 1, 2017.

The Government of India has issued the Acquisition of Bharatiya Mahila Bank Limited Order 2017. The Order dated March 20, 2017 issued by the Government of India was published under Extraordinary Part II-Section 3-Sub-section (i) in the Gazette of India sanctioning the acquisition of Bharatiya Mahila Bank Limited by State Bank of India in terms of sub section (2) of Section 35 of the State Bank of India Act, 1955 (23 of 1955).

Ajit Prasad
Assistant Adviser

Press Release : 2016-2017/2535