State Bank of India strengthens China ties

The two-century-old State Bank of India, India's leading and flagship bank, has seen rapid development in China.

The only Indian bank in the elite group of Fortune 500 companies and the top commercial bank in India in terms of assets, deposits, profits, number of branches and employees has 191 overseas offices spread across 36 countries.

In 1997, SBI opened its representative office in Shanghai. On April 20, 2006, it was upgraded to a full - fledged branch and became the first Indian bank to start commercial operations in China.