Merger of associate bank with the biggest loan specialist State Bank of India (SBI) will be a major positive, said Managing Director of State Bank of Bikaner and Jaipur (SBBJ) including that the entire procedure will take around nine months to finish.

Each of the five state-run banks — SBBJ, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore and Bhaatiya Mahila Bank — are hoping to be converged with SBI.

SBBJ's rates will likewise fall in accordance with SBI's. As of now, SBBJ's one-year store rates stand at 7.25 percent in contrast with SBI's 7.2 percent. Minimal Cost of Funds based Lending Rates (MCLR) is 9.55 percent for a section of one year.

SBBJ's request book includes 55 percent retail and 45 percent business advances. The bank has 1,060 branches crosswise over Rajasthan as of now.

SBBJ currently has employee strength of 13,500, salaries of whom will be adjusted based on a seniority basis post the merger. Nearly 500 employees are expected to retire in a year’s time.