State Bank Of India

The State Bank of India is planning to foray into Latin America. This will be the first time any Indian bank will establish presence in that continent. This will be in addition to the bank's plans in Africa, where it will convert its licences into banking branches. The bank is also planning to convert its Washington DC office into a running branch. 
 
There are places like Botswana where bank already have licences that will be utilised now. Bank also has plans to open more offices in the UK and South Africa and expand operations in the Maldives and Mauritius. 
 
The bank is already present in 32 countries across the world with 142 offices. The banking behemoth slowed down its overseas expansion plans since last year after the financial crisis worldwide and concentrated on serving the Indian diaspora at places where it already has a presence. 
 
At present, overseas business contributes to about 11% of the bank's net profit. However bank has plans to take it to 25% in the next few years.