SBI launches global trade finance centres in Kolkata and Hyderabad

In a decisive move to modernise its trade finance operations, the State Bank of India (SBI) inaugurated two specialised Global Trade Finance Centres in Kolkata and Hyderabad on Tuesday this week. These hubs, staffed by more than 800 experienced professionals, are expected to significantly streamline the handling of inland trade and international import-export transactions.

As India’s largest public sector bank, SBI is embarking on a transition from conventional, paper-based processes to fully digital systems. The bank’s trade finance division will now leverage cutting-edge technologies including artificial intelligence (AI), machine learning (ML), blockchain, and document digitisation to enhance operational efficiency, strengthen regulatory compliance, and deliver a faster and more seamless customer experience.

Speaking at the inauguration, SBI Chairman C.S. Setty emphasised the strategic importance of this initiative, describing it as a pivotal step in the bank’s journey. “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,” he stated. “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.”

This initiative marks a significant milestone in SBI’s digital transformation agenda, positioning the bank at the forefront of trade finance innovation and reaffirming its commitment to supporting India’s economic growth through technology-driven solutions.