State Bank of India halts Gulf business due to Iran conflict
after close1 source ↓written by the desknot a recommendation
- of its overseas
- 14%
State Bank of India has announced a halt on new business in the Gulf Cooperation Council (GCC) due to the ongoing Iran conflict. This decision affects approximately 14% of its overseas loans, primarily in the UAE and Bahrain. SBI will continue managing existing operations but is cautious about potential domestic macro impacts if the conflict persists for several months.
Not investment advice. For informational purposes only.