MoneyWorks4Me

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.

crackcrack
Peers
Company Name CMP
State Bank Of India 997.00
PNB 116.65
Bank Of Baroda 237.80
Canara Bank 123.90
Union Bank Of India 178.00
View more..