Recently the several Indian Bank branches have faced closure in UK. It has been reported that State Bank of India is still determined to carry out the carry out the retail banking operations in UK. The SBI has been operating in UK since past 95 years.
The bank has reported that tough the bank of England has halted on the operations of foreign-owned banks in the country, but bank is determined to continue. The SBI is having 900 million pounds of deposits in Britain. The bank is very well established in the country.