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These 70 branches of the government bank will be closed soon, and you do not even have your bank account.
New Delhi: The country's three largest banks, including SBI, are preparing to close their 70 branches. It is said that this branch will be closed by the end of this year. The bank has made this decision aimed at reducing its costs. Let us tell you that these banks are comprised of 70 overseas branches. Sources said that decision has been taken to close the interactive foreign branch. When the bank has decided to rationalize many branches in the same city or surrounding area, the sources said. In this order, public sector bank plans to close or rationalize 70 foreign branches in the current financial year. Last year, government banks closed 35 foreign branches. According to statistics, 159 branches of public banks are undergoing, 41 of which were lost in 2016-17. 9 foreign branches of Indian State Bank are false, while Bank of India 8 and Bank of Baroda 7 are in loss. Government banks have subsidiaries, joint ventures and representative offices, except for 31 January 2018, except around 165 foreign branches. SBI is the largest foreign branch (52), followed by Bank of Baroda (50) and Bank of India (29). The largest number of government banks are in Britain (32) and Hong Kong (13) and Singapore (120).
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