SBI Credit Cards

State Bank of India plans to aggressively expand local operations.
The bank is planning a branch in Kandy as the first step in expansion plans to get a wider market share offering a range of products with a strong focus on consumer credit.rn

rnAt present the local branch of the State bank of India caters to Pettah traders who import from the country.rn

rnThe chairman of the bank said the South Asian region is showing high growth potential compared to the west and the bank is looking at Sri Lanka for joint venture opportunities as well.rn

rnldblquote We are open to all kinds of business opportunities,
dblquote SBI Chairman A. K. Purwar told LBR.rn

rnThe lucrative credit card market is also in the radar screen of SBI to launch its own product.rn

rnState Bank of India will be the first Indian bank to introduce its credit card overseas. rn

rnPurwar also stressed the need for the banking sector expansions and liberalizations to be supported by regulations.rn

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-LBR Newsdesk: