Current Affairs Economy & Banking

SBI Launches UK Subsidiary With 225 Mn Pounds Capital

Category : Economy & Banking

 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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