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SBI's China Unit Set For Major Restructuring
Shanghai: In a strategic shift, the State Bank of India (SBI) will undertake a major restructuring of its business in the China from April and ensure greater protection for depositors, India's largest state-owned bank has said. SBI's China operations will transform into a subsidiary named State Bank of India China Limited from April 1, in compliance with wider ring-fencing of capital requirements by the Bank of England.

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