Telangana against merger of State Bank of Hyderabad with SBI

Hyderabad, Aug 17 (PTI) Telangana government is againstthe proposed merger of State Bank of Hyderabad with the parentSBI, state’s Finance Minister Etela Rajender said today. "SBH should retain its identity. It is a Telangana bank.It has to remain that way," the minister told PTI. "It was in existence even before 1956… it belonged tothe (erstwhile) Hyderabad state… in Nizam’s era," Rajenderadded. Asked if there is a proposal to pass a resolution in thelegislative assembly opposing the move, similar to Keralaadopting a motion against State Bank of Travancore’s mergerwith SBI, he said he hasn’t yet talked to the Chief Minister KChandrasekhar Rao on the issue. "We have to take some decision (in formally opposing SBH’smerger with SBI)", Rajender added. The Union Cabinet had recently given its nod for themerger of five associate banks of SBI, including SBH and SBT,with the parent lender, along with the Bharatiya Mahila Bank.PTI RS DKABKSRE