<p class="title">The State Bank of India opened its Melbourne office on Monday, becoming the first Indian bank to have a branch in the Australian state of Victoria.</p>.<p class="bodytext">The Melbourne office will assist the growing trade and investment relations between Victoria and India and is the outcome of the state's 10-year India Strategy – our shared future, according to a press release.</p>.<p class="bodytext">Speaking at the inauguration here, Victoria's parliamentary secretary to the treasurer, Steve Dimopoulos, said, "We are delighted to welcome the State Bank of India to Victoria – the first Indian bank to set up operations in our state."</p>.<p class="bodytext">"This investment by India's largest commercial bank is a testament to our thriving financial services sector and our highly skilled workforce," he said.</p>.<p class="bodytext">According to official figures, the two-way merchandise trade between Victoria and India was to the tune of 1.76 billion Australian dollars in 2018.</p>.<p class="bodytext">SBI Managing Director Dinesh Kumar Khara said "It is a great privilege to have our presence in the vibrant and business-friendly city of Melbourne. I am confident that our footprint in Melbourne will further strengthen the relationship between the two countries"</p>.<p class="bodytext">Victoria already has the presence of leading Indian businesses, including Cipla, Cyient, HCL, Infosys, Ramco, Samvardhana Motherson Group, TCS, Tech Mahindra, Ugam Solutions, Wipro, Zoonga and Zomato.</p>.<p class="bodytext">Victoria's financial sector employs more than 122,000 people and generates around 40 billion Australian dollars every year.</p>
<p class="title">The State Bank of India opened its Melbourne office on Monday, becoming the first Indian bank to have a branch in the Australian state of Victoria.</p>.<p class="bodytext">The Melbourne office will assist the growing trade and investment relations between Victoria and India and is the outcome of the state's 10-year India Strategy – our shared future, according to a press release.</p>.<p class="bodytext">Speaking at the inauguration here, Victoria's parliamentary secretary to the treasurer, Steve Dimopoulos, said, "We are delighted to welcome the State Bank of India to Victoria – the first Indian bank to set up operations in our state."</p>.<p class="bodytext">"This investment by India's largest commercial bank is a testament to our thriving financial services sector and our highly skilled workforce," he said.</p>.<p class="bodytext">According to official figures, the two-way merchandise trade between Victoria and India was to the tune of 1.76 billion Australian dollars in 2018.</p>.<p class="bodytext">SBI Managing Director Dinesh Kumar Khara said "It is a great privilege to have our presence in the vibrant and business-friendly city of Melbourne. I am confident that our footprint in Melbourne will further strengthen the relationship between the two countries"</p>.<p class="bodytext">Victoria already has the presence of leading Indian businesses, including Cipla, Cyient, HCL, Infosys, Ramco, Samvardhana Motherson Group, TCS, Tech Mahindra, Ugam Solutions, Wipro, Zoonga and Zomato.</p>.<p class="bodytext">Victoria's financial sector employs more than 122,000 people and generates around 40 billion Australian dollars every year.</p>