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UK is a destination, not a stopover, for Indian banks

Global Indian, UK Edition - March 2018
Sanjiv Chadha is the Regional Head for the UK for State Bank of India (SBI), India’s largest state-owned bank. The London-based executive, also Chair of the Association of Indian Banks in the UK, took time out for ‘India Global Business’ to elaborate on SBI’s move from a branch of the Indian entity in Britain into a standalone subsidiary, in line with regulatory requirements, and how the Indian roots of the bank have proved a big asset.

What will the launch of SBI’s UK subsidiary mean for clients and the bank?

We will be launching our UK subsidiary on April 1. This is a process which began nearly two years ago. We have had our retail presence in the UK and now, what was earlier a part of State Bank of India, will become a UK incorporated banking entity.