SBI becomes first Indian bank to have office in Australia's Victoria

The State Bank of India opened its Melbourne office on Monday, becoming the first Indian bank to have a branch in the Australian state of Victoria.

The Melbourne office will assist the growing trade and investment relations between Victoria and India and is the outcome of the state's 10-year India Strategy our shared future, according to a press release.

Speaking at the inauguration here, Victoria's parliamentary secretary to the treasurer, Steve Dimopoulos, said, "We are delighted to welcome the State Bank of India to Victoria the first Indian bank to set up operations in our state."
SBI Managing Director Dinesh Kumar Khara said "It is a great privilege to have our presence in the vibrant and business-friendly city of Melbourne. I am confident that our footprint in Melbourne will further strengthen the relationship between the two countries"