Indian bank keen on Indonesian expansion

State Bank of India is keen on expanding its presence in South East Asia by acquiring an Indonesian bank. The bank has allotted USD 100 million for the deal.

SBI believes that the potential for growth is quite high in the Indonesian market and has identified two to three banks for this purpose.

The bank presently has a subsidiary in the country by the name, PT Bank SBI Indonesia. This subsidiary has branch network of six.

Increasing branch network is a time consuming affair, said the official. This is why an inorganic growth route is considered as an easier mode of expansion.

Follow the link for more news on

Also Read

BEA’s Ivy Chan on managing banking risks and trade war shifts

Cambodia enables cross-border QR code payments via UnionPay

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit