Archives

India's premier bank, The State Bank of India, is exploring the possibility of extending its role in Sri Lanka as an "Embedded bank."

Indrajit Gupta, Chief General Manager (Foreign Offices) at the Corporate Centre in India is currently touring Sri Lanka to examine the prospects of extending the reach of the bank.

The State Bank of India is one of the oldest Banks in Sri Lanka, serving the island since 1864. It's the largest Bank in India with global presence, covering 50 overseas offices and a network of over 9,000 branches in India.

Gupta called on Finance Minister K. N. Choksy and the Governor of the Central Bank of Sri Lanka A. S. Jayawardene and had a wide ranging discussion. He also called on Nirupam Sen, the High Commissioner of India in Sri Lanka.

During his visit to Kandy on Sunday to survey the potential for branch expansion and business development, Gupta met a cross-section of the business community and other dignitaries, including the Assistant High Commissioner of India in Kandy, Achal Malhotra.

Gupta yesterday called on the Minister of Industries, Rohitha Bogollagama the Chairman of BOI Arjunna Mahendran and other top officials. He will also meet the CEOs of few banks and the officials of the Chamber of Commerce.

www.crescat.com

News | Business | Features | Editorial | Security
Politics | World | Letters | Sports | Obituaries

Produced by Lake House
Copyright © 2003 The Associated Newspapers of Ceylon Ltd.
Comments and suggestions to :Web Manager