“State Bank of India (SBI) has kick-started the formal process of merging associate banks and Bharatiya Mahila Bank, which would create a banking entity with total assets worth about Rs 29 lakh crore. The bank has appointed merchant bankers, valuation consultants and law firms to complete the process,” reported The Economic Times.

The notice period of Cyril Amarchand Mangaldas (CAM) partner Ganesh Rao, who has been handing over matters at the firm since resigning together with partner Ashwath Rau, Anu Tiwari and Dhruv Singhal for AZB & Partners around 23 April, is now also over.

: Ashwath Rau”)Cyril Amarchand Mangaldas Mumbai corporate partner Ashwath Rau has joined AZB & Partners today, confirmed managing partner Zia Mody for the first time.

Cyril Amarchand Mangaldas (CAM) Mumbai star corporate partner Ashwath Rau and AZB & Partners Delhi senior partner Percy Billimoria have both served out their notice period in record time, with today being the last day at their respective firms until they swap firms later this week.

Around 25 fee-earners in the team of Ashwath Rau, who is set to join AZB & Partners Mumbai office with at least three partners, have been told that today will be their last day in the office, according to reliable sources.

Cyril Amarchand Mangaldas has streamlined its complex internal structure that was first launched in September 2015.

Three Cyril Amarchand Mangaldas non-equity partners - Ganesh Rao, Anu Tiwari and Dhruv Singhal - have handed in their notice today and will join AZB & Partners with the head of their team, Ashwath Rau, who announced his departure earlier this month.

Cyril Amarchand Mangaldas corporate partner Ashwath Rau has informed the partnership today that he would resign.

Amarchand Mangaldas Mumbai partner Vandana Pai Bharucha has left the firm for health reasons.

Amarchand Mangaldas, J Sagar Associates (JSA) and Australian firm Mallesons Stephen Jacques have advised on the Macqaurie-SBI Infrastructure Fund, which is slated to be the biggest fund investing in the Indian infrastructure sector to date.