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State Bank of India, Bank of China widen access to each other's market

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State Bank of India, Bank of China widen access to each other's market

State Bank of India signed a memorandum of understanding with Bank of China Ltd. which will offer them direct access to each other's market, Press Trust of India reported March 19, citing a release from the Indian lender.

The deal will also provide an expanded network and range of services to clients from both banks, boosting business synergies between them, the report added.