NEWS & ADVICE : CREDIT CARDS
SBI to spread its wings
By Ankit Sharma
Nov 3, 2008
Print    Email    RSS   

India's largest lender, State Bank of India (SBI) is on a constant spree of expanding its network. The Bank is now planning to expand in the state of Uttar Pradesh by opening new branches.

SBI plans to start 162 new branches in Uttar Pradesh by March 2009. These branches are likely to open in rural and semi-urban areas of the state.

Currently SBI has a network of around 1033 branches across the country. The addition of 162 more branches will increase its branch portfolio to 1195.

Recently, the bank has also taken a step to upgrade its gulf operations. It has acquired a license from the Dubai Financial Services Authority (DFSA) to upgrade its operations in the United Arab Emirates (UAE).

Not only is the bank expanding by opening new branches, its deposits and advances are also on a continuous rise. According to the RBI data of June 2008, SBI has recorded a rise in both its deposits and lending. Even after the end of the second quarter of this fiscal its lending noted an increase of 162%. This is a remarkable figure at the times of liquidity crisis troubling the economy.

 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Cobranded debit cards: How good are they?
Health rewards credit cards in India: A...
ICICIs latest phishing warning email
A general guide to Auto Insurance
RBI Dy. Governor rejects the possibility...


Daawat*Call giℛℒ escort In ZiRaKpUr OOOOOOOOOO...
Good Morning, i forgot my FCMB Account Number and...
Radhey@09646870399 @Escoℛts In#Chandigarh...

NEWS THIS WEEK
91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive