SBI plans to widen its presence globally

“Initiatives are under way to strengthen business in countries with a strong India linkage like the USA, UK and UAE,” a  SBI official told PTI. Currently, SBI has seven branches in the US and about six in the UK while the bank has exchange services in the United Arab Emirates (UAE).

 The restructuring of the international business is under way to enable new business model.
During 2008-09, the SBI international credit portfolio increased by 54 pc  to Rs 86,267 crore against Rs 56,196 crore in the previous year.

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