2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bhutan
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Bangladesh
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Myanmar
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Australia
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Detailed explanation-1: -Yangon/Mumbai: The State Bank of India (SBI) is among four new foreign banks given preliminary approval to open 100%-owned branches in Myanmar, the latest move by the Southeast Asian nation to woo investment to the country long ruled by the military and hit by Western sanctions.
Detailed explanation-2: -Located in Seoul, the capital of South Korea, the branch is expected to play an important role in strengthening economic partnership between the two nations, the bank’s Managing Director B Sriram said in a statement.
Detailed explanation-3: -It now has five branches in Nigeria. In Moscow, SBI owns 60% of Commercial Bank of India, with Canara Bank owning the rest. In Indonesia, it owns 76% of PT Bank Indo Monex. State Bank of India already has a branch in Shanghai and plans to open one in Tianjin.
Detailed explanation-4: -SBI, country’s largest lender, has operations in about 36 countries with nearly 190 branches.