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. SBI's UK operations will transform into a subsidiary named State Bank of India UK Limited from April 1, in compliance with wider ring-fencing of capital requirements by the Bank of England. "While there will be no visible change, the brand changes to State Bank of India UK Limited. "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: dna February 25, 2018 07:41 UTC