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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1038.20
-4.10 (-0.39%) State Bank of India and Bank of India to set up branches in Pakistan
Date: 23-08-2012State Bank of India (SBI) and Bank of India (BoI) are allowed to operate in Pakistan, as per the discussions between Governor of the State Bank of Pakistan, Yaseen Anwar and Reserve Bank of India. Bank of India’s official from Singapore recently visited Karachi for setting up an office in Pakistan.
On the flip side, National Bank of Pakistan and privately-owned United Bank will be running full-banking operations across the border, once licensed by India. India and Pakistan have agreed to issue a full banking license to two banks of each country.