SBI not open to takeovers, says chairman Rajnish Kumar

The SBI is not open for acquisitions. SBI chairman Rajnish Kumar has said that the lender is not considering any acquisition, has not been sounded out for one, nor is it in a situation to take over another bank. Responding to a query on whether SBI was likely to be port of call for authorities looking to merge distressed lenders, Kumar said that there was no such move.

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