The State Bank of India in Frankfurt started in 1965. The only state-owned Indian Bank operating in Germany is financing not only a large part of the Indo-German trade but also a portion of European trade with India, inclusive of acquisition finance in Germany and India. Our customer deposits are covered under German Deposit Insurance upto 61.7 million euros per customer. Our direct participation in European Target-2 and SEPA clearing is a definite advantage for our clientele.
SBI, with 206 years history, is the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees. The Government of India is the single largest shareholder of this Fortune 500 entity with 61.58 per cent ownership. SBI is ranked 60th in the list of Top 1,000 Banks in the world by “The Banker” in July 2012.
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.
Narayanan Sadanandan (Geschäftsleiter) Kurt Konrad Posselt (Geschäftsleiter) Bilateral Loans, Syndicated Loans, Acquisition Finance, Trade Finance,
Year of establishment
Bank Guarantee, Deposits, Remittances, Information on SBI’s NRI Services
Kurt Konrad Posselt
Bilateral Loans, Syndicated Loans, Acquisition Finance, Trade Finance,