Franklin Templeton Investments (India) has signed an agreement with State Bank of India, the largest public sector bank, for the distribution of its products. Mr. Vivek Kudva, President- Franklin Templeton India and Mr. S.K. Mishra, General Manager - Marketing & Cross Selling Department, State Bank of India, exchanged the agreement.
Speaking on the occasion, Mr. S.K. Mishra, General Manager Marketing & Cross Selling Department, State Bank of India said,State Bank of India (SBI) is India's largest commercial bank. SBI has a vast domestic network of over 9500 branches (approximately 14% of all bank branches) in India and abroad and commands one-fifth of deposits and loans of all scheduled commercial banks in India. The State Bank Group includes a network of eight banking subsidiaries and several non-banking subsidiaries offering merchant banking services, fund management, factoring services, primary dealership in government securities, credit cards and insurance. Today, SBI has spread its arms around the world and has a network of branches spanning all time zones. SBI's International Banking Group delivers the full range of cross-border finance solutions through its four wings - the Domestic division, the Foreign Offices division, the Foreign Department and the International Services division.
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