‘SBI among top 50 global banks’

‘SBI among top 50 global banks’

- in Banking
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Bank holds meeting of exporter, importers

With the merger of six associate banks on April 1, State Bank of India has emerged among the top 50 banks in the world, according to its Deputy Managing Director Chalasani Venkat Nageswar.

Addressing about 50 exporters and importers from across the State representing pharma, agro-processing, aquaculture, marine, steel and granite units here on Monday, he showcased the advantages of transacting their business through SBI.

SBI Chief General Manager (global markets) G. Ravindranath, GM , Mid Corporate Group (Hyderabad) S. Sadashiva Bhat and GM, network-1 (Amaravati) Raghuram Shetty, were present.

Mr. Nageswar later told reporters that 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.

Stating that they had 191 offices spread across 36 countries with centralised processing of export bill collection at GLS (Global Link Services) in Mumbai, correspondent banking relationship with 346 reputed international banks in 88 countries, he said all the NRIs and people of Indian origin prefer the premier bank to meet their business and personal needs.