Auto rickshaws wait in front of the head office of State Bank of India (SBI) in New Delhi August 12, 2013. SBI, the country’s largest lender, posted a second consecutive drop in quarterly net profit, missing estimates, on worsening asset quality, higher operating expenses and muted growth in interest income. REUTERS/Anindito Mukherjee (INDIA – Tags: BUSINESS) – RTX12I6I
Come April, India will be home to one of the largest banks in the world. The merger of the government-owned State Bank of India (SBI) with its five associate banks will create a behemoth that will be among the top 50 global banks.