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Recognition for SBI UK at Business Moneyfacts Awards

SBI has been operating in the UK since 1921

Recognition for SBI UK at Business Moneyfacts Awards
Pramod Thomas
By Pramod ThomasApr 26, 2023
Pramod Thomas
Pramod Thomas is a senior correspondent with Asian Media Group since 2020, bringing 19 years of journalism experience across business, politics, sports, communities, and international relations. His career spans both traditional and digital media platforms, with eight years specifically focused on digital journalism. This blend of experience positions him well to navigate the evolving media landscape and deliver content across various formats. He has worked with national and international media organisations, giving him a broad perspective on global news trends and reporting standards.
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State Bank of India (UK) Ltd has been chosen as Highly Commended Best Business Fixed Account Provider at Business Moneyfacts Awards 2023 at a glittering ceremony held at Evolution London on 20 April.

Counted as the most prominent business finance awards in the UK, Business Moneyfacts awards celebrate the best brands in the business finance and commercial finance sectors.

Moneyfacts Group plc is the UK’s leading retail financial product data provider and has been pioneering financial comparison technology for over 35 years.

“We are happy to receive the recognition which coincides with the UK subsidiary State Bank of India (UK) Limited completing five years of operations in the UK,” commented Varsha Bhat, SBI UK’s executive director and deputy chief executive.

State Bank of India has been operating in the UK since 1921, and in April 2018, the bank formed the UK subsidiary for retail business State Bank of India (UK) Limited, which has 11 branches across the UK.

current affairssbi ukbusiness moneyfacts awardsbusiness newsuk newspapers

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London pint prices top £10 for first time with Mayfair venues leading the rise

The national average stands at £4.52, with lager at £4.82, per the British Beer and Pub Association

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London pint prices top £10 for first time with Mayfair venues leading the rise

Highlights

  • Stanley’s Mayfair bar charges £11 for a pint and £10 for Guinness.
  • The Connaught Grill sells a 330ml beer for £12.50.
  • CAMRA says tax pressure is forcing pubs to raise prices or close.
The price of a pint in London has crossed £10 for the first time, with several upscale Mayfair venues now charging well above that mark.
Stanley's rooftop bar, attached to the Chesterfield Hotel, sells a pint of Moretti or Heineken at £11 and a half pint at £8. Guinness is priced at £10 a pint.
Bottled beer has climbed even higher, with the Connaught Grill charging £12.50 for a 330ml bottle of Noam lager or Curious IPA.

The development follows Diageo's announcement that draught prices would rise by 5.2 per cent in April as operational costs increased.

Pub owners had previously told the Morning Advertiser that Diageo appeared "hell-bent on having the first £10 a pint beer."

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