Multiple choice

State Bank of India assigned leading accountancy firm KPMG to do due diligence for possible takeover target in

  1. Malaysia

  2. South Africa

  3. Kenya

  4. Egypt

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The State Bank of India (SBI) engaged KPMG for due diligence regarding a potential acquisition in Kenya, marking the bank's international expansion strategy into the African continent. This move was part of SBI's broader efforts to establish a global presence and explore international banking opportunities.