Nirmala Sitharaman inaugurates SBI branch in Sri Lanka’s Trincomalee
New Delhi, November 2: Union Finance Minister Nirmala Sitharaman on Thursday inaugurated a State Bank of India (SBI) branch in Sri Lanka’s Trincomalee city, during her ongoing visit to the island nation.
In a post on X, the Union Finance Ministry said that Governor of Eastern Province Senthil Thondaman, India’s High Commissioner to Sri Lanka Gopal Baglay and SBI Chairman Dinesh Khara were also present at the inauguration.
“After inaugurating the branch, Sitharaman appreciated that SBI, with its 159 years of significant presence, is the oldest bank in Sri Lanka and continues to grow its business at home and abroad,” it added.
During the Sri Lankan economic crisis, SBI’s presence in the island nation paved the way for a smooth extension of line of credit worth $1 billion by the Indian government to Sri Lanka, the Ministry said.
Besides, SBI Sri Lanka continues to play a vital role by supporting corporates in international trade.
“SBI in Sri Lanka continues to scale up remittance through a robust #DigitalPlatform via SBI Sri Lanka YONO app and online banking, in addition to the in-branch operations,” the Ministry said in the X post.
Sitharaman, who is on a three-day visit to Sri Lanka, will inaugurate a branch of SBI in Jaffna on Friday.
(This article is sourced from a news agency and has not been edited by the indtoday team.)
Next Story :
-
Increase Vigilance: Do Inspection: Vikas Raj
![Increase Vigilance: Do Inspection: Vikas Raj]()
HyderaBAD, May 11 (Maxim News): Chief Electoral Officer, Vikas Raj has directed the polling officers and police to be alert as the polling process has reached its final stage. It has been suggested that the District election Officers, SPs, and Police Commissioners should carry out surprise inspections at night to avoid enticing the voters. It…
-
Hyderabad Lawyers, Doctors, Islamic scholars, and intellectuals Announce Support to Asaduddin Owaisi
![Hyderabad Lawyers, Doctors, Islamic scholars, and intellectuals Announce Support to Asaduddin Owaisi]()
Hyderabad, May 11 (Maxim News): Advocate Syed Ale Mohammed Shabbar pasha Quadri (Convenor Telangana Lawyers Association) organized an intellectual meet-up to show their support towards AIMIM candidates.
-
Hyderabad Police Geared Up For Election Duty
![Hyderabad Police Geared Up For Election Duty]()
Hyderabad, May 11 (Maxim News): The Hyderabad city Police Commissioner, K. Srinivas Reddy emphasized the need for taking up election duty particularly during the last 48 hours and on the day of polling. He insisted on intensified enforcement (seizure of illicit liquor, cash, and freebies), and thorough checking of lodges, Kalyana Mandapams, etc.
-
Telangana Heatwave Not Over Yet, IMD Forecast Possible Return By May 20
![Telangana Heatwave Not Over Yet, IMD Forecast Possible Return By May 20]()
Hyderabad, May 11 (Maxim News): while Telangana, including Hyderabad, is experiencing relief from the intense heat, the respite might be short-lived as forecasts indicate a possible return of scorching temperatures after a week.
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter and Instagram. For all the latest Hyderabad News updates
