On May 17th 2016, the Boards of 5 Associate Banks of State Bank of India (SBI) i.e. State Bank of Travancore (SBT), State Bank of Mysore (SBM), State Bank of Hyderabad (SBH), State Bank of Bikaner and Jaipur (SBBJ) and State Bank of Patiala (SBP) met urgently in Mumbai, at State Bank of India Head Quarters from 1100 hrs to 1400 hrs. The meeting was called with three days advance notice but without disclosing the agenda. At this meeting, one by one each of the Boards passed resolutions closing down their respective banks without giving any reason for the same! The meeting was attended by Bank Directors, Government nominated Directors, representatives of Reserve Bank of India, independent Directors as well as one workman director from each bank. Only the workman Director from each bank protested this sudden and totally unilateral resolution. However the resolutions were passed with the rest of the directors agreeing to it except for a few independent directors and the workmen directors.