State Bank of Mysore: Updates on Acquisition of State Bank of Mysore (SBM) by SBI

With reference to the earlier letter dated February 16, 2017 regarding Acquisition of State Bank of Mysore (SBM), by SBI, State Bank of Mysore has now informed BSE that the Government of India has issued the following Order dated February 22, 2017, under sub-section (2) of Section 35 of the State Bank of India Act, 1955.

Acquisition of State Bank of Mysore Order, 2017

In terms of the said Order, the entire undertaking of State Bank of Mysore (SBM) shall stand transferred to and vested in the State Bank of India from April 01, 2017.

The Bank submit herewith a copy of the Order which has been published in the Gazette of India on February 23, 2017.