The largest lender of the country, State Bank of India is planning to take over an Indonesian bank. The bank has kept aside more than $100 million for this purpose.

"We have shortlisted the names of two or three banks and will zero in on one of them soon. The bank has a budget of over $100 million for buying a bank in Indonesia," Pratip Chaudhuri, deputy managing director at State Bank of India said.

The bank had bought an Indonesian bank in 2006.