Financial Times FT.com

SBI looks at UK to maintain its rapid growth

By Joe Leahy in Mumbai

Published: September 17 2009 22:22 | Last updated: September 17 2009 22:22

State Bank of India is seeking acquisitions in the UK as the country’s banks emerge from the global economic crisis in good shape and looking to expand their international businesses.

Om Prakash Bhatt, the chairman of SBI, India’s largest bank, said acquisitions would enable the bank to maintain its 40 per cent rate of growth in the UK.

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