SBI tar­gets 30 off­shore branches next year

The Pak Banker - - Front Page -

NEW DELHI: The largest lender of the coun­try, State Bank of In­dia has set a tar­get of open­ing 30 over­seas branches in the next year. The move would be to in­crease the size of the global bal­ance sheet of the bank.

"We plan to add about 30 more over­seas of­fices in our net­work in the next 12 month," a se­nior SBI of­fi­cial said. He added that these branches mainly fo­cus on the In­dian op­er­a­tions and cater to the in­ter­na­tional re­quire­ments of the for­eign cus­tomers apart from car­ry­ing out re­tail busi­ness. -PB News

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