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Plans of becoming a Global Banking Giant – SBI
This article was posted on Nov 24, 2014 and is filed under Market News
The country’s largest lender,State Bank of India (SBI) is looking fully prepared to grow as a global banking giant by taking a much bigger stride for its international business.
In its international book, the bank has $39 billion worth of outstanding assets. There are plans going on to double its local lending in foreign markets.
With its inclusive plans, the Bank has struck deep roots in the domestic market. The bank has more plans to get the exposure in the Foreign companies who have no Indian corporate connections, to garner more local business rather than lending only to Indian subsidiaries and associate companies.
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