Multiple choice

Which of the following statements is correct regarding SBI European Bank Ltd. (SEBAL)?

  1. It was established as wholly owned subsidiary of State Bank of India.
  2. It started its operations on 29th March 1993.
  3. Its Headquarter was established in London.

  1. 1

  2. 1 and 3

  3. 2 and 3

  4. 1, 2 and 3
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

SBI European Bank Ltd. (SEBAL) was indeed a wholly owned subsidiary of SBI, started operations in March 1993, and was headquartered in London to facilitate European banking services.

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