FM Sitharaman inaugurates SBI branch in Jaffna
Admin
Nov 4, 2023 12:38
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Finance Minister Nirmala Sitharaman on Friday inaugurated the second State Bank of India branch in Jaffna, which will cater to emerging business potential in the Northern Provinces of Sri Lanka.
The finance minister had inaugurated another SBI branch in Trincomalee on Thursday.
"The Finance Minister appreciated that SBI became the first foreign Bank in Sri Lanka to successfully launch pathbreaking direct LKR-INR trade. This initiative has gained momentum and found currency among local corporates, besides giving vital support to the Sri Lankan economy by giving an option to importers of Sri Lanka without dependency on the US Dollar," the finance ministry said in a post on X.
