SBI bullish on Chinese market

India's top lender seeks fresh growth opportunities to boost bilateral trade, investments

Amid a wave of closures of various Indians banks' China operations, India's largest lender said it will not only stay committed to serving the mainland market but seek fresh growth opportunities, to boost both bilateral trade and the growing Chinese investments in Indian startups.

"The deepening of reforms and opening-up in China's financial services sector, and the rise of the AIIB(Asian Infrastructure Investment Bank) and the NDB (New Development Bank) are encouraging signs in China. Despite slowing economic growth, China remains a key destination for foreign banks. Prospects for bilateral trade growth are bright, so we are looking at trade finance," said Venkat Nageswar, deputy managing director in charge of international operations of the State Bank of India.