Arundhati Bhattacharya, the chairman of State Bank of India, inaugurated the new corporate office of SBICAP Securities (SSL) in Lower Parel, Mumbai. The function was also graced by the senior management of SBI, comprising of MDs, DMDs and CGMs.

Speaking on the inauguration of SBICAP Securities' new office, which is the broking arm of the State Bank Group, SBI Chairman Arundhati Bhattacharya said, ''I am delighted to inaugurate the corporate office of SBICAP Securities with state-of-the-art facilities in Mumbai.

Through a broad range of product offerings, servicing capabilities and its growing geographical reach, SBICAP Securities will be able to grow deeper relationship with existing customers and reach out to new ones.

We look forward to provide a whole new world of convenience and flexibility to customers. I wish team SBICAP Securities success in their future endeavors.''

Shares of the bank declined Rs 0.85, or 0.34%, to trade at Rs 248.60. The total volume of shares traded was 1,235,735 at the BSE (2.36 p.m., Friday).