Country’s largest lender SBI has opened a branch in Seoul, South Korea to predominantly finance growing trade and investment relations between Korean and Indian companies.SBI is second Indian bank after Indian Overseas Bank to have branch in South Korea.
- Meanwhile, SBI has signed a Line of Credit with The Export-Import Bank of Korea (K-EXIM) for $ 500 million (Rs 3,300 crore).
- The agreement for credit line was signed by SBI Chairman Arundhati Bhattacharya and K-EXIM chairman and President Duk Hoon Lee in New Delhi.
Key points :
- SBI HQ : Mumbai
- SBI Tagline : The Banker to every Indian
- SBI Chairman : Arundhati Bhattacharya
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