The Indian branch of Sberbank was rated IND A1 +. This is how the work of the branch was evaluated by the agency India Ratings and Research (Ind-Ra), which is part of the Fitch group.
Deputy Chairman of the Board of Sberbank Svetlana Sagaidak commented on this event, focusing on the role of the Indian representative office, ensuring the presence of Sberbank Group in the region. According to her, the main purpose of the branch is banking support for trade between the Russian Federation, India, the CIS countries and other regions in which the Sberbank Group is represented.
The Indian representative office of Sberbank began its work in 2010. It specializes in supporting trade and economic ties between India and Russia. The branch was awarded the status of an authorized dealer, a settlement bank in Indian rupees of the 1st category, as well as a local rating A1 +. The representative office is a member of the Association of Indian Banks, and is also admitted to the use of national interbank trading platforms.
The list of services of the Indian branch of Sberbank includes currency exchange, settlement and cash services, bank guarantees, deposit services (for legal entities), lending in national currency and advice on trade and economic relations between India and the Russian Federation.
Sberbank's Indian branch also offers its clients direct settlements in national currencies (rupee-ruble). The total turnover exceeded 500 million US dollars (equivalent), which is equal to half of the total volume of interstate settlements.
As of June 30, 2016, the assets of the dealership amounted to 5.4 billion Indian rupees. Operating income before provisions exceeded Rs 129 million.
Reference:
PJSC Sberbank is the largest bank in Russia and an international financial institution. Its assets are equal to one third of all Russian banking assets.
Sberbank is the main creditor national economy... Its share in the deposit market is the largest in the country. Sberbank founded The Central Bank Russian Federation... The Central Bank of the Russian Federation owns 50% authorized capital Sberbank plus one voting share. The remaining 50% of the authorized capital is at the disposal of Russian and international investors.
Sberbank provides services to 135 million individuals and 1 million legal entities located in 22 countries. The branch network of Sberbank is the most developed and has 17 thousand representative offices. Sberbank also operates in the UK, USA, CIS, Central and Eastern Europe, Turkey and several other countries.
General license of the Bank of Russia for the implementation of banking operations 1481.
Official sites.
Still at home in Russia, having been warned that I needed to make sure that I would not have problems with withdrawing money in a foreign country, I came to the branch of the unforgettable Sberbank. When my turn came to my question, "Will my card be valid in India?" the woman replied categorically, "Mastercard is valid in any country in the world."
I tried to convey to her that I do not need any country in the world. Can you tell me specifically my card will be valid in India? Will I have no problems?
The Mastercard Sberbank card is valid in any country in the world - she threateningly repeated her mantra.
What's in Burkina Faso? - I could not resist
- What is this? - the employee was very surprised. And she claimed that "in any country in the world")))
I made another attempt after that and called free line Sberbank. They replied that I could drive safely, there would be no problems with the card. Checked my card number. "So I will be able to withdraw money from my card in India?" - Yes, you can confidently answered me.
Having decided that now I was insured, I flew to India with a calm soul in this respect.
Problems with the card began immediately at Delhi airport (((
When trying to withdraw money, the ATM simply wrote a refusal, and the phone received a message to top it off that the card was blocked ... In a foreign country, almost at midnight, without a penny of money, with Sberbank's assurances that everything would be fine - a "super" situation!
There is no money even for a taxi - they don't take rubles. We were rescued by an Indian who also ordered a taxi. He took 1,000 rubles from us and paid for a taxi of 800 rupees. Further we were already met by friends and a hotel was booked. But, if it hadn't happened, I don't know what we would have done.
The next day, they began to call Sberbank in order to unblock the card. After negotiations (on international tariffs for cellular communications, naturally, at our expense), the card was unlocked. But after all, I had warned in advance that I would be in India, I would withdraw money, so why was the card blocked when trying to withdraw money in this very India? Why the hell did I call them in Russia and warn them, I was interested?
The adventures in the card and Sberbank did not end there. After arriving in Goa, the card stopped working. When I tried to withdraw money, I just began to receive SMS "Call Sberbank".
I already called Sberbank. I was transferred from specialist to specialist, I listened to music for several minutes, until finally they figured it out and set something up there. They asked about the date until which I will be in India (I told them this date back in Russia!), Assured that everything should now work. The conversation lasted 16 minutes ... and cost me almost 200 rupees.
A very typical situation for Sberbank, when no one is responsible for anything. And your problems do not interest Sberbank employees in the least. They often talk through clenched teeth, they are not rude just because "all conversations are recorded." There is something to compare with after communicating with employees
Sberbank took part in Aero India 2017, one of the largest aviation industry exhibitions in Asia. As part of the event, Sberbank held negotiations with partners and clients.
During the exhibition, Sberbank signed a Memorandum of Understanding with Stork GmbH, a supplier of titanium and aluminum products for the Indian aviation industry. Among the areas of cooperation - settlements in national currencies (rupee-ruble), trade finance, project financing within the framework of the Make in India program. On the part of Sberbank, the memorandum was signed by Vigen Soghomonyan, head of corporate business of the bank's branch in India.
“Sberbank in India is a pivotal bank for serving defense industry clients,” said Alexey Kechko, head of the branch in India. - Our clients are not only affiliated companies and representative offices of Russian enterprises, but also Indian partners. Participation in the exhibition gave us a unique opportunity to present our services and conduct trilateral negotiations with suppliers and buyers. "
The Sberbank branch in India provides the strategic presence of the Sberbank Group in Asia. It focuses on providing banking services for the development of foreign trade between India and Russia, the CIS countries and other countries of the Group's presence.
The branch provides clients conversion operations, settlement and cash services, bank guarantees, deposits of legal entities, lending in national currency, as well as consultations in the field of trade and economic relations between Russia and India.
A unique product of the Sberbank branch in India is direct settlements in national currencies (rupee-ruble).
Aero India 2017 was supported by the Indian Ministry of Defense in Bangalore from 14 to 18 February 2017.