• search

SBT plans to start first branch operations in Oman

Written by: Staff

Dubai, June 7 (UNI) The State Bank of Travancore (SBT), a member of largest banking group in India, is looking at options to start branch operations for the first time in Oman, besides opening representative offices in Dubai and Saudi Arabia.

''We are exploring the options of opening a branch in Muscat, provided there is business potential,'' SBT CGM Pradeep Shankar told Oman Tribune.

He said the Dubai and Saudi Arabia representative office would be subsequently functional as full-fledged banks, and added that deposits from NRIs had grown by Rs 689.24 crore during the last financial year to touch Rs 7875.97 crore.

The bank plans to launch internet booking facility for flight tickets and in order to bring services at par with the best in the industry, it has launched several business process re-engineering initiatives.


For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more