India's central bank gives approval to Japan's Sumitomo Mitsui Banking to set up unit
BENGALURU, Jan 14 (Reuters) - India's central bank said on Wednesday it has granted an "in-principle" approval to Japan's Sumitomo Mitsui Banking Corp for setting up a wholly owned subsidiary in the country. (Reporting by Nishit Navin; Editing by Nivedita Bhattacharjee) ((Nishit.Navin@thomsonreuters.com;))
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