Bloomberg News

State Bank of India Looking for Opportunities in South Africa

June 15, 2011

June 15 (Bloomberg) -- State Bank of India Ltd. is looking for opportunities in South Africa, Chairman Pratip Chaudhuri said.

India’s largest lender plans to establish four more offices in the southern African nation within a year, he said in Johannesburg today. The company also plans to expand into a retail bank, Chaudhuri said.

To contact the reporter on this story: Sikonathi Mantshantsha in Johannesburg at smantshantsh@bloomberg.net

To contact the editor responsible for this story: Ana Monteiro at amonteiro4@bloomberg.net


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