Will SBI consider State Bank of Indore’s share swap ratio?

 Dec 04, 2009 at 16:16 

Reports suggest that the State Bank of India 

 panel is likely to consider State Bank ofIndore’s

 share swap ratio. 

SBI plans to offer 34 shares

 for every 100 State Bank of Indoreshares.

Meanwhile, the government has said that it would play a 

supporting role in the public sector banks' consolidation.

 “Banks should themselves initiate any merger plans. 

There isno specific direction to any bank to consider a 

merger with another.” 

All state-owned banks posted profit

 in last three fiscal years.

Source : Moneycontrol