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SBI associate banks merger to cost ,`1,660 crore: Moody’s

Mumbai: The merger of five associate banks and newly created Bharatiya Mahila Bank with SBI will cost $250 million (around Rs 1,660 crore) and have limited impact on the lender’s credit metrics, ratings agency Moody’s Investors Service said on Friday. Earlier this week, country’s biggest lender State Bank of India had proposed merger of five