All branches of State Bank of Indore will function as branches of State Bank of India from August 27, 2010. Customers, including depositors of State Bank of Indore will be able to operate their accounts as customers of State Bank of India with effect from August 27, 2010.

The Government of India issued the Acquisition of State Bank of Indore Order 2010. The order dated July 28, 2010 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 State Bank of Indore 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).  The Order of Acquisition will be effective on and from the close of business on August 26, 2010.

Alpana Killawala
Chief General Manager

Press Release : 2010-2011/287