In October 2009, the Government of India gave its in-principle approval to a merger between State Bank of India and State Bank of Indore.
[1] On 15 July 2010 the Cabinet cleared the merger.
On 26 August 2010 State Bank of Indore officially merged into State Bank of India.
At the time of the merger the bank had over 470 branches in more than 300 cities and towns.
In March 2009, the business turnover of State Bank of Indore exceeded Rs.