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State Bank of India launches services in Dubai
- United Arab Emirates: Tuesday, September 15 - 2009 at 14:06
State Bank of India has started providing banking services from its base in the Dubai International Financial Centre (DIFC), the bank announced today. SBI has received a full banking licence which enables its DIFC branch to accept deposits and provide credit, subject to the regulations of the Dubai Financial Services Authority. The bank has also obtained a retail endorsement to its licence, which enables it to arrange investments for retail customers and offer credit to small and medium enterprises.
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StaffTuesday, September 15 - 2009 at 14:06 UAE local time (GMT+4)
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