To strengthen its trade finance operations and support India’s growing global trade, the State Bank of India (SBI) has inaugurated two Global Trade Finance Centres (GTFCs) in Kolkata and Hyderabad.

These centres aim to enhance import-export transaction processing using cutting-edge technologies like AI, ML, and blockchain.

Key Highlights:

• The new GTFCs in Kolkata and Hyderabad are equipped to handle end-to-end trade finance operations including import-export documentation and credit processing.
• Over 800 trained professionals will manage operations at these centres, ensuring faster and more compliant trade transactions.
• SBI is leveraging artificial intelligence, machine learning, blockchain, and analytics to automate processes and boost transparency.
• These GTFCs are part of SBI’s digital transformation strategy and coincide with the bank’s 70th anniversary celebrations.
• The initiative supports India’s increasing global trade footprint and reinforces SBI’s role as the country’s largest bank with global presence.