About SBI

State Bank of India (SBI) a Fortune 500 company, is an Indian Multinational, Public Sector Banking and Financial services statutory body headquartered in Mumbai. The rich heritage and legacy of over 200 years, accredits SBI as the most trusted Bank by Indians through generations.

SBI, the largest Indian Bank with 1/4th market share, serves over 48 crore customers through its vast network of over 22,405 branches, 65,627 ATMs/ADWMs, 76,089 BC outlets, with an undeterred focus on innovation, and customer centricity, which stems from the core values of the Bank - Service, Transparency, Ethics, Politeness and Sustainability.

The Bank has successfully diversified businesses through its various subsidiaries i.e SBI General Insurance, SBI Life Insurance, SBI Mutual Fund, SBI Card, etc. It has spread its presence globally and operates across time zones through 235 offices in 29 foreign countries.

Growing with times, SBI continues to redefine banking in India, as it aims to offer responsible and sustainable Banking solutions.

SBI IFSC Banking Unit, GIFT City

SBI, the most trusted brand in the banking horizon in India opened its first IFSC Banking Unit (SBI IBU) at GIFT City in 2016. SBI IBU offers all international banking products and services with the comfort of being in India through its dedicated verticals for Corporate Credit, Trade Finance, Deposits, Remittances, Treasury products, etc.

The various focus areas are as detailed below:

Corporate Credit: The branch facilitates raising both Fund Based and Non-Fund based debt in permitted currencies for corporates through bilateral and syndicated arrangements.

Deposit & Remittances: Dedicated teams at the branch cater to both Corporate and Individual clients and offer Deposit Accounts comprising Savings Account, Current Account, Term Deposit Account with Internet Banking facilities.

Trade Finance: The branch offers innovative products on state-of-the-art platforms. The offerings include Letters of Credit, SBLCs, Trade Credits and Multilateral Agency (ECA/MLA) Backed / Partnered Finance.