India's c bank set to open rep office in Dubai

UAE - State-owned State Bank of India (SBI) is planning to open a representative office in the UAE this year to tap the NRI resources, SBI chairman Janki Ballabh said.

"We have applied to the UAE central bank to open a branch and pending that we will open a rep office which can be upgraded into a branch office when the permission comes," he told reporters.

One of the options country's largest commercial bank was considering setting up operations at the Dubai international financial centre but w

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