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SBI eyes $100 mln bank buy in Indonesia

09 Nov 2010 Evaluate

India's top lender, State Bank of India is looking to acquire a bank in Indonesia and has set aside more than $100 million for the purchase. It has shortlisted the names of two or three banks and will zero in on one of them soon. The bank has a budget of over $100 million for buying a bank in Indonesia, according to Pratip Chaudhuri, deputy managing director at State Bank of India. Earlier State Bank of India had bought a bank in Indonesia in year 2006.

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Peers
Company Name CMP
State Bank Of India 950.15
PNB 113.95
Bank Of Baroda 234.80
Canara Bank 118.90
Union Bank Of India 173.10
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