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State Bank of India opens sixth branch in Singapore, targets Chinese HNWIs

State Bank of India (SBI) has expanded its footprint in Singapore by opening its sixth branch in the Lion City, where the majority of its clients are wealthy Chinese individuals. “About 80% of our customers are Chinese and the rest are high net worth Indians,” SBI’s country head for Singapore, Soma Sankara Prasad, said at the opening of the Ang…

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