10 April 2018

SBI Launches UK Subsidiary With 225 mn Pounds Capital

SBI Launches UK Subsidiary With 225 mn Pounds Capital


The SBI has 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.

Source- DD News

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