Indian diamond setcor is making waves internationally! In yet another attempt to establish a foreign presence and to lubricate the business scenario between India and Israel, the State Bank of India (SBI) has opened a branch at the Israel Diamond Exchange.

SBI has other foreign branches running in New York, Antwerp, Toronto, Moscow, Shanghai, Hong Kong, Johannesburg and Angola.

SBI chairman Mr O.P. Bhatt is reported to have shared that the move would give SBI the advantage to tap on the Indo-Israel bilateral trade.