State Bank Of India Joins Council Of Mortgage Lenders In UK (02-Feb-2012)
State Bank of India (SBI) has joined the Council of Mortgage Lenders (CML) in the UK, to launch a range of residential mortgages in August 2012, after it launched into the buy-to-let market last year. The bank which is among the 50th largest bank globally operates in 32 countries around the world.
The Council of Mortgage Lenders is a not-for-profit organisation and the trade association for the mortgage lending industry, and its members account for around 94% of UK residential mortgage lending.
SBI is premier banking institution with 206 years of banking experience. It is India's largest commercial bank in terms of assets, deposits, profits and number of branches and employees. The bank has 13,686 branches across the country, while the SBI group has 18,506 branches.
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