State Bank of India to open two new branches in Jaffna and Trinco

Indian Finance Minister Nirmala Sitharaman, who is currently on a visit to Sri Lanka, is expected to inaugurate two new branches of the State Bank of India (SBI) in Trincomalee and Jaffna, tomorrow.
SBI is a public sector bank and is the largest in India.
SBI has been operating in Sri Lanka since 1864. The Colombo branch of the bank was opened mainly to handle the business of export of coffee and government business.

Apart from Colombo, SBI Sri Lanka has branches in Wellawatte, Colpetty and Kandy.
During her visit, Sitharaman is also expected to give the keynote address at the India Sri Lanka Business Summit, on the theme ‘Enhancing connectivity: Partnering for prosperity’; the summit is organised by the Confederation of Indian Industries and Indo-Lanka Chamber of Commerce and Industry today, at Taj Samudra Hotel, Colombo.