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State Bank of India’s arm opens first overseas branch office in Abu Dhabi

04 Jul 2023 Evaluate

State Bank of India’s (SBI) wholly owned subsidiary -- SBI Capital Markets (SBICAPS) has opened its first overseas branch office in Abu Dhabi Global Market (ADGM), an international financial centre and free zone located on Al Maryah Island in UAE's capital, Abu Dhabi. SBICAPS ADGM branch has received a Category 4 license from the Financial Services Regulatory Authority. 

State Bank of India (SBI) is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.


Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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