The Seoul branch is expected to play an important role in strengthening economic partnership between the two nations, the bank's Managing Director B Sriram said in a statement.
With over 135 branches across many geographies, SBI has the largest presence in foreign markets among domestic banks.
The branch will offer a range of services to corporates in trade finance, bilateral and syndicated loans and corporate deposits etc, apart from retail banking.
SBI's decision to open a branch in Seoul follows from the continuous and significant increase in trade following the Comprehensive Economic Partnership Agreement, which was signed between New Delhi and Seoul in 2009.
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