SBI to open 23 branches abroad

By | January 21, 2010

State Bank of India is in advanced stages of opening 23 more branches abroad over the next four months, according to a top SBI official.

He added, “Moving to newer markets is critical for SBI in the backdrop of India’s increasing integration with the rest of the world. We will increase our overseas presence to around 160 branches by March.”

State Bank Of India, which derives around 12 per cent of its total revenue from the overseas business, at present has 137 branches abroad and has the largest overseas presence among domestic banks.

SBI plans to open 10-11 new branches in Nepal and also a branch in Washington where SBI already has a representative office. This will take its total branch-strength in Nepal to 48 from 37. The Washington branch is expected to undertake a mix of business activities, including retail banking.

Get the best deals on bank loan offers

  • Home loans
  • Personal loans
  • Car loans

Some useful personal finance calculators

  • EMI calculator
  • Loan repayment tenure calculator
All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit for the latest rates/offers.
Category: Banks News Tags:

About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

Leave a Reply

Your email address will not be published. Required fields are marked *