Multiple choice

Which of the following banks started banking operations in China in August 2006?

  1. State Bank of Bikaner and Jaipur

  2. Bank of India

  3. State Bank of India

  4. Indian Overseas Bank

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

State Bank of India (SBI) opened its first branch in Shanghai, China, in 2006, becoming the first Indian bank to have a full-fledged branch operation in mainland China. This was a strategic move to support growing Indo-China trade.