The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of.....million pounds from its parent entity.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of____million pounds from its parent entity.

A	225 million pounds
B	400 million pounds
C	725 million pounds
D	1050 million pounds

Explanation:

Detailed explanation-1: -In the UK, SBI has been active since 1921, and has grown to become the largest Indian bank in the UK.

Detailed explanation-2: -1996-On 3rd October the Bank Issued 261, 45, 000 GDRs amounting to 5, 22, 90, 000 equity shares. 1 GDR is issued to 2 equity shares. The issue price of GDR was US $ 14.15 per GDR. 1997-Shares issued to employees of the bank bearing distinctive numbers 46, 26, 00, 001 to 47, 46, 00, 000 will not be good delivery.

Detailed explanation-3: -Subsidiaries of State Bank of India SBI Cards & Payment Services Ltd. SBI Global Factors Ltd. SBI Funds Management (P) Ltd. SBI DFHI Ltd.

Detailed explanation-4: -Conclusion. The State Bank of India has made significant strides in the right direction. It has made remarkable progress in expanding banking facilities in rural and semi-urban areas, as well as providing financial assistance to agriculture, cooperative institutions, and small-scale industries.

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