State Bank of India

State Bank of India

South Africa and India are a perfect example of rapidly growing countries developing strong economic and commercial relationships. South Africa and Indias bilateral relationship dates back to many years ago. Over the last few years, bilateral trade between South Africa and India increased by 135% while Indian companies have invested $328.25-million in South Africa over the past five years. One institution at the heart of this robust bilateral relationship is State Bank of India.

State Bank of India (SBI), with a 208 year history, is the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees.

The SBI group consists of SBI and five associate banks. The group has an extensive network, with 22,887 plus branches in India and another 191 offices in 36 countries across the world. The group commands 22.22% market share in Deposits and 21.62 % market share in Advances of the domestic Indian banking market.

SBI’s non- banking subsidiaries/joint ventures are market leaders in their respective areas and provide wide ranging services, which include life insurance, merchant banking, mutual funds, credit cards, factoring services, security trading and primary dealership, making the SBI Group a truly large financial supermarket and India’s financial icon.

SBI has arrangements with over 1500 various international / local banks to exchange financial messages through SWIFT in all business centres of the world to facilitate trade related banking business, reinforced by dedicated and highly skilled teams of professionals.

This institution can be contacted on 0800982360.

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