SBI launched ‘Japan Desk’

SBI opens ‘Japan Desk’ in New Delhi

Question: Recently State Bank of India (SBI) launched ‘Japan Desk’ to facilitate Japanese investor at-
(a) Mumbai
(b) Bengaluru
(c) New Delhi
(d) Chennai
Ans(c)
Related facts:

  •  On 16 February 2016 State Bank of India (SBI) launched ‘Japan Desk’ to facilitate Japanese investor at New Delhi.
  •  ‘Japan Desk’, is a first-of-its-kind initiative to facilitate Japanese corporates looking to invest here with banking and advisory services.
  •  SBI Japan Desk will serve as an one-point comprehensive and reliable information support source for India-bound investments of Japanese companies.
  •  It will facilitate in the establishment of banking relationship with Japanese corporates and Japanese nationals, provide information on industries, sectors etc.
  • Japan Desk will serve as a one-stop shop for both Japanese companies looking to invest here and Indian companies exploring outbound investments into Japan.
  •  SBI is also planning to set up another dedicated Japan Desk at Chennai.
  • There are also requests from South Korea to have a dedicated help desk.

Reference:
http://www.thehindubusinessline.com/money-and-banking/sbi-launches-japan-desk/article8244277.ece
http://www.business-standard.com/article/news-ians/sbi-launches-japan-desk-to-aid-fdi-inflow-116021600478_1.html
http://asia.nikkei.com/Business/AC/Lender-sets-up-Japan-Desk-hoping-to-woo-investment