Trade

Trade business of the Bank has traditionally been one of its major areas of operations. The UK operations  handles the flow of trade between India & UK and UK & other parts of the world as well. We have a large and experienced trade department at London Main Branch which supports the other UK branches as well in Trade operations.

We handle all types of trade transactions including LC advising, LC issue, Bills Negotiations, Discounting of Bills, LC Refinancing/Buyer’s Credits, forfaiting. We also handle Bills for collection inward & outward for clients & Banks in and outside UK.

For clients doing business with the Indian subcontinent, we provide unmatched reach with our large number of branches, and Associates, for streamlined transactions. Added advantage is the fact that we not only have large exposure lines for India, but because of our Global Branch network and correspondent relationships, we are in a position to handle trade business across the Globe.

Our clients have the advantage of personalised  contact with our dealing people by name. 

Credit

The Credit Department of UK operations extends credit to UK & Ireland incorporated Corporates. In deserving cases, other cross border credit proposals are also provided finance. The State Bank of India UK extends term loans upto 7 years, and working capital facility to Corporates & SMEs backed by appropriate security. It provides both funded and non-funded facility like LC/ Bank Guarantee facility & Forex cover facility for clients with currency risk.

The Bank also provides finance to individual & retail borrowers, for their bonafide requirements. Apart from finance against commercial & investment property, the SBI also provides finance in UK against deposits held with a branch of SBI in any location in the world.

We offer credit products to suit customers’ requirements, which are fixed after discussions with clients and understanding their requirements. Our clients have access to credit department personnel at all times during banking hours.