State Bank of India becomes first Indian bank to have office in Australias Victoria

The RBI named three banks SBI, ICICI Bank and HDFC Bank as DSIBs.
State Bank of India opened its Melbourne office
It is the first Indian bank to have a branch in the Australian state of Victoria.
The Melbourne office will assist the growing trade and investment relations between Victoria and India and is the outcome of the state’s 10-year India Strategy our shared future.
India’s largest commercial bank is a testament to our thriving financial services sector and our highly skilled workforce.
The two-way merchandise trade between Victoria and India and Australian $1.76 billion in 2018.
The presence of leading Indian businesses, including Cipla, Cyient, HCL, Infosys, Ramco, Samvardhana Motherson Group, TCS, Tech Mahindra, Ugam Solutions, Wipro, Zoonga and Zomato.
The Victoria’s financial sector employs more than 122,000 and generates around A$40 billion every year.
State Bank of India 
Chairperson: Rajnish Kumar
Headquarters: Mumbai

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