State Bank of India
These are the opening words of the international operations of the State Bank of India. The State Bank was set up in India with the goal of becoming the banker to every Indian (Exhibit 14.1). This was the first Indian bank to open a foreign branch, with its New York branch. Today, SBI is present in over 37 countries all over the world with 198 foreign offices. It also has a large number of foreign subsidiaries and joint ventures in place (Exhibit 14.2). With its large expansion in place, it aims to become one of the largest banks in the world, giving direct competition to the most famous and big banks.
- SBI Annual Report 2014, 2015, 2016Google Scholar