Current Affairs - Banking - Discussion

The country's largest lender State Bank of India has signed a pact with the Bank of China to boost business opportunities. SBI has signed an MoU to enhance business synergies between both the banks. Through this pact, both SBI and BoC will gain direct access to their respective markets of operation. Both banks' clients will be able to use the vast combined network to expand their businesses abroad. SBI has a branch in Shanghai and BOC is opening its branch in Mumbai.