Banking

SBI enters top 50 global banks’ list post merger

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Bank of IndiaThe largest public sector lender of the country, the State Bank of India (SBI) has now entered the top 50 global banks list post its merger with the six associate banks’, said Deputy Managing Director Chalasani Venkat Nageswar.

Showcasing the advantages of transacting with SBI for its stakeholders, he recently addressed more than 50 exporters and importers from across Andhra Pradesh, representing pharma, agro-processing, aquaculture, marine, steel and granite units.

The ceremony also registered the esteem participation of SBI Chief General Manager (global markets) G. Ravindranath, General Manager, Mid Corporate Group (Hyderabad) S. Sadashiva Bhat and General Manager network-1 (Amaravati) Raghuram Shetty.

“SBI had transformed into a world-class bank to provide integrated and complete global trade solutions and value-added services. SBI basket of products included export credit, e-forex, fx-out (forex outward remittance), e-trade and FCNB loans,” added Nageswar.

He further explained that SBI has a bandwidth of 191 offices spread across 36 countries with centralised processing of export bill collection at GLS (Global Link Services) in Mumbai. The bank also maintains correspondent banking relationship with 346 reputed international banks in 88 countries and majority of the NRIs prefer the premier banking services of SBI to meet the demands of their business and personal needs.

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