SBI to open 2nd branch in China

SBI's second branch in China is set to open at the port city of Tianjin, close to Beijing. The new branch, with a capital of about 300 million yuan (about $50 million), would open towards the end of February, Dinesh Sharma, chief executive officer of SBI, Shanghai branch, said on Saturday.

SBI opened its first branch in Shanghai in 2006 and has a representative office in Tianjin, a well-developed port city located about 140 km from Beijing, from where the bulk of trade from China to the rest of the world is handled.

A host of Indian banks are present in different parts of the country and most of them are benefited by the burgeoning India-China trade.

Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.