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July 19, 2001 		Feedback  
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State Bank of India closes European unit

State Bank of India, the country's largest commercial bank, has closed a European subsidiary and placed it under liquidation, the Bombay Stock Exchange said on Thursday, quoting a notice from the bank.

"State Bank of India has informed BSE that the operations of the SBI European Bank plc have ceased and the subsidiary has been placed under liquidation," said the notice posted on the official BSE website www.bseindia.com.

It gave no further details.

SBI officials could not be immediately reached for comment. Shares of state-run SBI ended down 0.9 per cent at Rs 214.55 at the BSE on Thursday, while the benchmark 30-share index closed down 0.37 per cent.

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