About State Bank of India
The State Bank of India started its operations on the 23rd November, 1998 when it opened a Representative Office in Sydney. Effective from the 21st April, 2004, the Representative Office was transformed into a Australian Bank. The branch was opened with the objectives of fostering trade between India and Australia through trade finance products and helping Indian corporates access and contribute to the Australian economy. The Reserve Bank of India regulates the Global Bank and the Australian Banking operations are also authorized and regulated by Australian Prudential Regulation Authority (APRA) and other local Australian regulators… Continue reading about State Bank of India here.
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