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RBI gives approval to Japan's SMBC for setting up Wholly Owned Subsidiary
Updated : 4 months, 1 week ago IST
SMBC is currently carrying on banking business in India in branch mode through its four branches located in New Delhi, Mumbai, Chennai and Bengaluru. The 'in-principle' approval has been granted to the bank for setting up a WOS through conversion of its existing branches in India, RBI said i
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