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Article: INDIA: SBI EYES AFRICAN BANKS.(State Bank of India)(Brief Article)
- Article from:
- IPR Strategic Business Information Database
- Article date:
- December 16, 2004
CopyrightCOPYRIGHT 2004 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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According to "Business Line", State Bank of India said it was eyeing medium-sized banks in Asia and Africa in a bid to become a global entity. SBI chairman A K Purwar said he was hopeful that the deal to acquire a bank in Africa would be completed by March. The SBI was looking to acquire a small to medium sized bank in Africa but the amount to be spent was still to be decided, Purwar added. He also said there was no proposal as of now to merge SBI's subsidiaries with ...
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