State Bank of India can look forward to crossing the border 47 years after it had to shut its branches in Karachi and Lahore in the wake of the India-Pakistan war. The troubled neighbours are set to allow banks from both sides to open branches in each other's territory amid a renewed attempt at reviving relations.

The two central banks - Reserve Bank of India and State Bank of Pakistan - are readying to invite applications from interested commercial banks, following a meeting of their officials earlier this month when they sorted out most prickly issues.

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