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Article: SBI hopes to kick off JV with SocGen by Q1 FY'10: Official.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- November 3, 2008
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SBI hopes to kick off JV with SocGen by Q1 FY'10: Official
Mumbai, Nov 3 (PTI) -- Country's largest lender State Bank of India hopes to commence its custodial joint venture with French banking major Societe Generale by the first quarter of next fiscal, a top SBI official said.
"We have already received the FIPB approval for the joint venture.... If things go as planned, we expect to start the JV operations by the first quarter of next financial year," State Bank of India Deputy Managing Director & Group Executive (subsidiaries) R Sridharan told PTI here.
SBI entered into an agreement for a JV--which aims to offer security services to foreign ...