TestCloud
Prep • Practice • Perform
Log In

SBI Opens Two Global Trade Finance Centres in Kolkata and Hyderabad to Strengthen International Trade Support.

Banking & Finance | Dated: 04 Jul 2025

On July 1, 2025, the State Bank of India (SBI) inaugurated specialised Global Trade Finance Centres in Kolkata and Hyderabad, staffed by over 800 professionals, to expedite import-export transactions and enhance trade finance services for domestic and multinational businesses.

🎯 Key Highlights:

  • - Each centre is backed by more than 800 skilled professionals dedicated to streamlining inland trade and processing international trade finance. This initiative is part of SBI’s strategy to improve turnaround times, ensure regulatory compliance, and deliver enhanced customer experiences in global trade operations.
  • - The new hubs aim to enhance import-export trade facilitation, reducing transaction processing time and offering better support to exporters and importers. These centres form a key part of SBI’s commitment to operational excellence in overseas finance.
  • - Marking SBI’s 70th anniversary, the launches reflect its longstanding history since 1955 and its ambition to modernise international banking services via focused infrastructure investments and skilled manpower deployment.

💡 Other Important Facts:

  • (i) These centres complement SBI’s Global Operations Division, which serves around 241 overseas offices across 36 countries. As of FY24, SBI’s overseas footprint boasts an $80 billion balance sheet, with significant growth expected through its GIFT City IFSC strategy.
  • (ii) SBI’s IFSC branch in GIFT City, Gandhinagar, reports an $8 billion balance sheet and is expanding trade finance offerings for multinational supply chains. The Kolkata and Hyderabad centres will reinforce domestic linkages into that global ecosystem.
  • (iii) In FY24, SBI sanctioned $10.3 billion in foreign currency loans to Indian corporates and $16.2 billion to overseas entities. By strengthening its trade finance framework, these new centres aim to support rising foreign exchange credit demand and international supply chain financing.

📚 Test Your Knowledge:

Recently (July 2025), State Bank of India (SBI) inaugurated new Global Trade Finance Centres in which two Indian cities?

Correct Answer: Kolkata and Hyderabad

🚀 Quick Recap:

About SBI

  • Chairman : Challa Sreenivasulu Setty
  • Headquarter : Mumbai