-3.25 (-0.30%) State Bank of India (SBI) has launched its UK subsidiary - SBI (UK). The UK subsidiary of the bank has been launched with an initial capital commitment of 225 million pounds from its parent entity. With this, it becomes the first foreign bank in the UK to ring-fence its retail division from its wholesale business.
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.