Approval of proposal by State Bank of India

The following press release was published by the Board of Governors of the Federal Reserve System on Jan. 25, 2008. It is reproduced in full below.

The Federal Reserve Board on Friday approved the application by State Bank of India, Mumbai, India, to establish a branch in Jackson Heights, New York.

Attached is the Board's Order relating to this action.

Source: Board of Governors of the Federal Reserve System