State Bank of India Launches UK Subsidiary With 225 Millions Pounds Capital

Posted on:11 Apr 2018 10:34:31
State Bank of India Launches UK Subsidiary With 225 Millions Pounds Capital
11 April 2018 Current Affairs: The State Bank of India SBI announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.
India's largest state-owned bank, which celebrated the new subsidiary with a special event in London, becomes the first foreign bank in the UK to ringfence its retail division from its wholesale business.
The State Bank of India SBI announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.
India's largest state-owned bank, which celebrated the new subsidiary with a special event in London, becomes the first foreign bank in the UK to ringfence its retail division from its wholesale business.

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