The move will mean that all retail branches of SBI in the UK will fall under a new UK-incorporated banking entity. Photo: Aniruddha Chowhdury/MintLondon: State Bank of India (SBI) is set for a major restructuring of its business in the UK from April, India’s largest state-owned bank has said. The move will mean that all retail branches of SBI in the UK will fall under a new UK-incorporated banking entity instead of their previous status as overseas branches of the Indian entity. “We will be looking to doing more business in the UK, expanding the products that are designed for the UK market,” he said. “The UK market is one of tremendous interest and promise to us and that is unchanged regardless of Brexit.

Source: Mint February 25, 2018 09:00 UTC