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SBIís Saudi expansion plans hit recruitment roadblock

Jan 28 2014, 09:54 IST
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In December 2011, SBI had become the first Indian bank to obtain a branch licence from Sama. PTI In December 2011, SBI had become the first Indian bank to obtain a branch licence from Sama. PTI
SummaryIn December 2011, SBI had become the first Indian bank to obtain a branch licence from Sama.

during April-November, 2013, registering a 14% year-on-year growth. Despite close trade and people-to-people ties, according to RBI data, SBI was the lone Indian bank to have a branch in Saudi Arabia, while there was no Saudi bank operating in India.

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