State Bank of Travancore plans Oman branch

The bank has a total of 690 branches across India.

The State Bank of Travancore is planning to open its first branch in Oman, besides opening representative offices in Dubai and Saudi Arabia.

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"We are exploring the options of opening a branch in Muscat, provided there is business potential. We are studying the viability of opening a branch in Muscat," Pradeep Shankar, Chief General Manager of the SBT said.

On the bank's plan to open representative offices in Dubai and Saudi Arabia, he said the offices would be set up soon.

"These representative offices will subsequently function as full-fledged banks," he was quoted as saying in the Oman Tribune newspaper.

During the year, the bank opened 20 new branches all over India, taking the total number of branches to 690.