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NAB first and last in India

National Australia Bank rolled out a PR carpet for an agreement cantered on extending cooperation in financial services with the State Bank of India.NAB is the first Australian bank to strike a memorandum of understanding with India's largest financial institution,The pair plan to work together on project finance and business and migrant banking.NAB Asia chief executive officer Daryl Johnson and SBI's deputy managing director Shri Siddhartha Sengupta lent their name to the release.NAB invested US$30million to open its first branch in India in 2012.

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