Reforms in Banking Sector-SBI Merger with its Subsidiaries Made Easier with Digital Technology

The Indian banking sector is an important constituent of the Indian financial system. The banking sector plays a vital role through promoting business in urban as well as in rural areas in recent years. The banking section will navigate through all the aspects of the Banking System in India. A globally competitive economy requires a robust and competitive banking system. The present banking system is a result of reforms and policy changes that have taken place in the past. The study aims mainly at the recent reforms that took place in the State Bank of India that is SBI's merged with its subsidiaries that is State Bank of Mysore (SBM), State Bank of Punjab (SBP), State Bank of Hyderabad (SBH), State Bank of Bikaner and Jaipur (SBBJ), State Bank of Patiala (SBP) and State Bank of Travancore (SBT). Also Bharatiya Mahila Bank merger with SBI happened on April 1st 2017. The study focuses on the purpose, consequences and the financial effects arrived from the process of merging SBI with its subsidiaries with the help of digital technology. The paper also consists of studying on managing the Non Performing Assets by SBI and the pros and cons of merging process.