State Bank of India UK (SBI) has been active in the UK since 1921 and has grown to become the largest Indian bank in the UK. SBI’s UK business is also the largest international operation of the bank. Whilst the bank’s operations in the UK began in wholesale banking, it has now expanded to include a subsidiarised, ring-fenced retail offering, State Bank of India (UK) Limited. This shows the bank’s commitment to operate in the UK market.
SBI’s main branch in London offers a full range of wholesale and corporate services including Corporate Banking, M&A Financing, Bilateral Credit, and NRI Services. Having proudly served the UK community for almost 100 years, SBI remains committed to both its corporate, business and individual customers.
SBI UK Ltd. has 12 branches across the country, 7 of which are in London and five outside of London through which the bank offers a range of products and services which include Commercial Lending, Buy-to-let Mortgages, Cash ISA’s, Safe Deposit Lockers, Instant Access Savings Account, Business Account and Fixed Deposits.
Last year SBI UK Ltd launched its versatile digital banking app, YONO SBI UK, as part of the bank’s plans to expand its digital offering. YONO SBI UK provides customers with a seamless, convenient, and accessible way to carry out their online banking needs. The bank has encouraged its customers to make the use of its digital platforms, offering support and information on financing processes and online banking.
With the global pandemic of COVID-19, SBI UK encountered the immediate challenges that many other businesses in the UK faced. SBI UK’s priority through this unsettled time remains to ensure the protection of its customers, employees, and their loved ones
