State Bank of India (SBI), with a 200 year 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 59.73% ownership. Ranked 64th in the list of the Top 1000 Banks in the world and 11th in Asia by "The Banker" in July 2009, SBI is easily the most visible face of Indian banking. State Bank of India has been adjudged "The Best Bank 2009" by Business India Group. Bank's Chairman Shri O.P.Bhatt has been declared as one of the "25 Most Valuable Indians" for 2009 by the 'Week' magazine.
The State Bank Group, a truly large financial supermarket had assets worth USD 257 billion, deposits of USD 199 billion and capital & reserves in excess of USD 14 billion as on 31st March, 2009. The Group has an extensive network of over 16200 branches and 130 foreign offices in 32 countries spanning all time zones.
State Bank of India, Frankfurt is in existence since 1974. We are financing not only a large part of the Indo-German-Trade but also a portion of Eurpoean trade with India. Our representative responsibilities include the Scandinavian Countries and some of the east European States. We also have the support of a representative office in Milan, Italy.
In Germany, SBI Frankfurt has the status of an independent Bank. We offer personal, institutional and corporate deposit products at attractive interest rates. Our customer deposits are covered under German Deposit Insurance upto 48 Million per customer.
Further information: www.bankenverband.de/einlagensicherung
Our direct participation in European Target-2 clearing is a definite advantage for our clientele.
Through us, remittances to India and to various other countries is cheap and hassle free without hidden costs. SBI Group's vast branch network under homogeneous state-of-the-art tech platform makes transfer of funds to India seamless and smooth.
You may always ask for information and guidance from us on SBI's NRI products.
We have extended credit facilities to many German corporates who are executing large projects in India. A number of German mittelstand are working with us with regard to their India related business. We also finance Indian acquisition of German companies and participate in non-India related European syndicated loan market.
We always look forward to new business relationships with individuals, social organisations and corporates while continuing to strengthen ties with our existing customers.
We care for you and desire to remain with you all the way.
Mr. Rajesh Kumar, CEO (Geschäftsleiter)
Mr. Kurt Konrad Posselt, JCEO (Geschäftsleiter)
Mr. Narayanan Sadanandan, EVP & Head of Trade Department
State Bank of India
Mainzer Landstrasse 61
60329 Frankfurt am Main
Germany
Tel. +49-069-27237-0
Mainzer Landstrasse 61
60329 Frankfurt am Main
Germany
Phone: +49-69-27237-0
www.statebank-frankfurt.com
