This corrigendum is regarding the Notice of General Meeting of the State Bank of India (the Bank) scheduled to be held at the State Bank Auditorium, State Bank Bhavan, Madame Cama Road, Mumbai

## Report on Amendment to State Bank of India General Meeting Notice **1. Executive Summary:** This report analyzes a corrigendum (amendment) to the Notice of General Meeting of the State Bank of India (SBI), originally scheduled for May 9, 2025. The core purpose of this amendment is to reflect changes stemming from the amalgamation of Regional Rural Banks (RRBs) as per a Gazette notification from the Department of Financial Services, Ministry of Finance, Government of India. Key changes include the withdrawal of a resolution related to Andhra Pradesh Grameena Vikas Bank and a name change for Rajasthan Marudhara Gramin Bank. The report details these changes, their implications for the SBI General Meeting, and affected stakeholders. **2. Introduction:** This report provides an informative overview of a corrigendum to the Notice of General Meeting of the State Bank of India (SBI), based solely on the text of the provided document. It aims to elucidate the nature and implications of the changes introduced by this amendment. **3. Policy Overview:** * This is an *amendment* to the original Notice of General Meeting of the State Bank of India, dated March 27, 2025, published in the Gazette of India on March 30, 2025. * The core objective of the amendment is to update the Notice of General Meeting to reflect the impact of the RRB amalgamation notification issued by the Department of Financial Services, Ministry of Finance, Government of India. This ensures the General Meeting considers the current status of related parties and their respective resolutions. **4. Background and Rationale:** This amendment is necessitated by a Gazette notification issued by the Department of Financial Services, Ministry of Finance, Government of India on April 7, 2025 (CGDLE07042025262329), mandating the amalgamation of 26 Regional Rural Banks (RRBs) based on the "One State One RRB" principle. This amalgamation alters the relationship between SBI and some RRBs, thus requiring modifications to the agenda and associated documentation for the upcoming General Meeting to ensure accuracy and compliance. The original notice would be inaccurate and potentially lead to improper voting or decisions if the General Meeting proceeded without these amendments. **5. Key Provisions / Changes:** This section focuses specifically on the changes introduced by the amendment: * **Change 1: Withdrawal of Item No. 14:** * *Original Policy Part Changed:* Item no. 14 of the original Notice and its explanatory statement. * *New Rule/Provision:* The resolution and explanatory statement for Item no. 14, concerning Andhra Pradesh Grameena Vikas Bank, are withdrawn entirely. * *Difference/Effect:* Andhra Pradesh Grameena Vikas Bank, now renamed as Andhra Pradesh Grameena Bank, will no longer be considered a related party of SBI effective May 1, 2025, because it will be sponsored by Union Bank of India. Therefore, the resolution about them is no longer relevant and is removed from consideration at the General Meeting. * **Change 2: Name Change in Item No. 18:** * *Original Policy Part Changed:* Item no. 18 of the original Notice and its explanatory statement. * *New Rule/Provision:* All instances of "Rajasthan Marudhara Gramin Bank" are replaced with "Rajasthan Gramin Bank." * *Difference/Effect:* This ensures the official documentation reflects the updated, legal name of the concerned RRB, preventing confusion and ensuring accurate records. * **Change 3: Renumbering of Items:** * *Original Policy Part Changed:* Item numbering in the original Notice. * *New Rule/Provision:* Items no. 15 to 18 are renumbered to 14 to 17. * *Difference/Effect:* Due to the withdrawal of item 14, the subsequent items are renumbered. Accordingly, the total number of items of business to be transacted at the General Meeting of the Bank will be 17 instead of 18. This maintains sequential numbering and accurately reflects the updated agenda. **6. Target Audience and Stakeholders:** Based on the text, the primary audience and stakeholders affected by these changes are: * Shareholders of the State Bank of India, as the General Meeting agenda is being modified. * The State Bank of India itself, as the changes impact its governance and reporting obligations. * Union Bank of India and both Andhra Pradesh Grameena Bank and Rajasthan Gramin Bank. **7. Implementation Aspects (Inferred):** * **Responsible Agency/Bodies:** The State Bank of India (specifically, the Chairman, CHALLA SREENIVASULU SETTY) is responsible for implementing these changes. The Department of Financial Services, Ministry of Finance, Govt. of India also played a role. * **Timelines:** The changes are effective for the General Meeting scheduled on May 9, 2025. The change regarding Andhra Pradesh Grameena Bank is effective from May 1, 2025. * **Procedures:** The corrigendum is disseminated through the Gazette of India, direct email to shareholders, and postings on the SBI website and the websites of BSE, NSE, and NSDL. The notice indicates shareholders are expected to read the original notice *in conjunction with* this corrigendum. **8. Expected Outcomes / Impact of Changes:** The likely intended outcome of these changes is to ensure the State Bank of India's General Meeting is conducted with accurate and up-to-date information, reflecting the post-amalgamation status of the RRBs. Specific impacts include: * Shareholders will be aware that the resolution regarding Andhra Pradesh Grameena Bank is no longer under consideration. * All documentation and discussions regarding Rajasthan Marudhara Gramin Bank will use the correct updated name (Rajasthan Gramin Bank). * The General Meeting proceeds with a streamlined and accurate agenda. **9. Conclusion:** The amendment to the State Bank of India's General Meeting Notice is a necessary adjustment to reflect the evolving landscape of Regional Rural Banks following the government's amalgamation policy. These changes, while seemingly minor, are crucial for maintaining accuracy, transparency, and compliance in SBI's governance processes. The amendment ensures that the General Meeting proceeds with the most current information available, fostering informed decision-making by shareholders.

Key Entities Referenced