State Bank of India (SBI) plans to open about 1,200 branches in the country and another eight branchoffices overseas, including China and the UK, in the next fiscal.
Plans are afoot to open two brancheseach in Bangladesh and the UK and one each in China, the Netherlands, South Korea and Sri Lanka.
In the case of South Korea, the existing representative office of SBI would be upgraded into a full-fledged branch.
With addition to these eight branches, SBI’s offshore
network will increase to 59.
SBI, India’s largest bank, has 14,677 branches across the country. Under the bank’s domestic expansion plans, about 100 branches would be opened in West Bengal, Uttar Pradesh, Tamil Nadu, Maharashtra and Andhra Pradesh.
SBI, India’s largest bank, has 14,677 branches across the country. Under the bank’s domestic expansion plans, about 100 branches would be opened in West Bengal, Uttar Pradesh, Tamil Nadu, Maharashtra and Andhra Pradesh.
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