Saturday 24 February
Powered by Ajaxy
Oct 27, 2017 @ 19:00

State Bank of India is back in Manila


They’re back for better business.

The State Bank of India has decided to revive its operations in Manila after several years, and the central bank has given its full support for the strategy.

The Monetary Board said it has granted the Indian bank’s request to reopen its representative office in the Philippines, although its operations are limited to “promoting and providing information” about the bank’s services back home.

The Securities and Exchange Commission approved the revival back in June while the Bangko Sentral ng Pilipinas gave the green light a month later.

State Bank resumed operations on Oct. 1, 2017.

Tags: , , , ,

Related Stories
Monetary Board Member Valentin Araneta passed away on Wednesday, Feb. 21.
The economy will get an additional boost from the Bangko Sentral ng Pilipinas’ (BSP) cut
Inflation could go even higher as the economy absorbs the full impact of tax reform.
The central bank wants more Filipinos to get into the banking system.


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.