Ministry of Finance posted on X, “Union Finance Minister Smt. @nsitharaman inaugurated the State Financial institution of India @TheOfficialSBI Department in Trincomalee, as we speak, throughout her official go to to Sri Lanka.H.E. Mr. @S_Thondaman, Governor of Jap Province, Sri Lanka; Shri Gopal Baglay, India’s Excessive Commissioner to Sri Lanka, and Chairman @TheOfficialSBI Shri Dinesh Khara had been additionally current on the inauguration”.
The occasion was attended by a number of dignitaries, together with H.E. S Thondaman, the Governor of the Jap Province in Sri Lanka, Gopal Baglay, India’s Excessive Commissioner to Sri Lanka, and Chairman of SBI, Dinesh Khara.
Through the inaugural ceremony, Sitharaman acknowledged the exceptional legacy of the State Financial institution of India, which has been serving Sri Lanka for 159 years.
She recommended SBI’s dedication to increasing its operations each domestically and internationally.
The presence of SBI in Sri Lanka has performed a vital function, notably throughout the latest Sri Lankan financial disaster.
It facilitated the sleek extension of a Line of Credit score value USD 1 billion from the Authorities of India to Sri Lanka, additional strengthening the bilateral relationship.
Moreover, SBI Sri Lanka continues to play an important function in supporting corporates engaged in worldwide commerce.
The financial institution has been actively selling remittances by means of a sturdy digital platform, together with the SBI Sri Lanka YONO app and on-line banking providers, along with conventional in-branch operations.
Following the inauguration, Sitharaman had the chance to work together with the brand new department officers and distribute passbooks to new clients. She additionally left her mark in Trincomalee, Sri Lanka, by filling the customer’s guide.
There are at the moment 5 branches of SBI Sri Lanka in operation- the Fort and Overseas Forex Banking Unit (FCBU) branches in the primary Fort constructing, the Colpetty department, the Wellawatta department, and the Kandy department. Each Department is related to each different Department through a community.
Trincomalee, a area in Sri Lanka, hosts a number of Indian companies, together with oil advertising and marketing corporations and petrochemical infrastructures, underlining the sturdy financial ties between the 2 nations.
This initiative additional strengthens the monetary and financial cooperation between India and Sri Lanka. (ANI)
