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SBI turns to AZB, Shardul Amarchand for merger with associate banks

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The State Bank of India has appointed AZB & Partners and Shardul Amarchand Mangaldas & Co as the legal counsels for the merger with associate banks and Bhartiya Mahila Bank, reported Economic Times. AZB & Partners team would be led by Partner Ashwath Rau, who recently joined the firm from Cyril Amarchand Mangaldas. Shardul Amarchand’s National Banking Head Sapan Gupta would be leading the team. SBI has mandated JM Financial as an independent merchant banker while E&Y, PWC, Grant Thornton, BDO Consulting are working on valuations of all the banks involved. This merger would create a banking entity with total assets […]

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