SBI Marks 70 years of its legacy: Trade Finance Revamp
FinTech BizNews Service
Mumbai, July 1, 2025: State Bank of India, the nation’s largest bank marks its 70 years with the inauguration of ‘Global Trade Finance Centres’ at Kolkata and Hyderabad. Manned by over 800 skilled professionals, these specialized hubs will streamline Inland trade and the processing of Import and Export transactions, enabling faster turnaround, stronger compliance, and a significantly improved customer experience.
Trade Finance business stands as a key driver of SBI’s customer credit growth. To further strengthen this momentum and enhance service delivery, SBI is reinforcing its Trade Finance operations through digitization, process standardization, and centralization. Transition of trade finance from paper-based to digital processes using AI/ML, blockchain, and document digitization is a testament to the commitment.
On the occasion, State Bank of India’s Chairman, Shri CS Setty said, “The inauguration of our ‘Global Trade Finance Centres’ is not just a celebration of SBI’s 70-year legacy, but a strategic step toward the future of global banking. As international trade becomes increasingly digitised and dynamic, we are reimagining our trade finance capabilities to meet the evolving needs of businesses across India and beyond. By combining cutting-edge technology with deep domain expertise, we aim to set new benchmarks in speed, security, and customer experience and further strengthen our position as a trusted enabler of India’s global trade ambitions”
With the launch of its ‘Global Trade Finance Centres’, SBI reinforces its vision to lead India’s trade ecosystem into a new era of speed, transparency, and digital excellence.
