SBI to trim Paris operations to protect bottom line
Thursday, March 16, 2017, 12:31 PM
State Bank of India (SBI) is planning to turn its Paris branch into a representative office since returns from the branch have not been as per the bank’s expectations, chairman Arundhati Bhattacharya said on Wednesday. According to Bhattacharya, while the bank had made an effort in Paris, returns were not up to the mark. This is true for every operation we have abroad.