{
    "success": true,
    "data": {
        "id": 1126013,
        "msgid": "india-bank-buys-indomonex-1447893297",
        "date": "2005-11-08 00:00:00",
        "title": "India bank buys IndoMonex",
        "author": null,
        "source": "AP",
        "tags": null,
        "topic": null,
        "summary": "India bank buys IndoMonex State Bank of India, the nation's biggest lender, said it agreed to acquire a 76 percent stake in closely held PT Bank IndoMonex, securing a foothold in Indonesia. The acquisition, subject to regulatory approvals, will be State Bank of India's third overseas this year. IndoMonex, based in Jakarta, has seven offices in the Indonesian capital, Bandung and Surabaya.",
        "content": "<p>India bank buys IndoMonex<\/p>\n<p>State Bank of India, the nation&apos;s biggest lender, said it agreed<br>\nto acquire a 76 percent stake in closely held PT Bank IndoMonex,<br>\nsecuring a foothold in Indonesia. The acquisition, subject to<br>\nregulatory approvals, will be State Bank of India&apos;s third<br>\noverseas this year. IndoMonex, based in Jakarta, has seven<br>\noffices in the Indonesian capital, Bandung and Surabaya. &quot;I<br>\nexpect that this step would benefit not only the resident Indian<br>\ncommunity but would facilitate trade and investment and also<br>\nprovide a platform for us to participate in the growth and<br>\nprosperity&quot; of Indonesia, State Bank Chairman A.K. Purwar said in<br>\nan e-mailed statement. The bank didn&apos;t disclose the price paid<br>\nfor the stake. -- Bloomberg<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/india-bank-buys-indomonex-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}