State Bank of India: State Bank of India – India’s financial bridge in Frankfurt

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.