State Bank of India to complete acquisition of two banks in Asia and Africa in 6-8 weeks
Babu Ghanta
Aug. 31, 2005

Chairman A K Purwar said SBI was eyeing small to medium-sized banks as part of its global expansion.

"We have acquired a bank in Mauritius and we propose to acquire a few more in 6-8 weeks," he said, addressing a conference on banking organised by Indian Institute of Foreign Trade here.

SBI is going for expansion abroad as it cannot acquire a bank in the country, he said.

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