Sberbank, Russia’s largest lender, on Thursday said it plans to gradually expand its business in India and would invest about USD 100 million over the next three years to take advantage of the growing Indian market.
“We have a full banking licence here…we will expand our business in a step-by-step manner over the next three years. We will ramp up B2B business and enter into the B2C segment,” Herman Gref, CEO and Chairman of the Executive Board, Sberbank, told reporters here.
The bank, which established its operations in 2010, has sought 10 branch licences from the RBI to be opened across 10 cities.
“We have requested the central bank here to grant 10 branch licences for opening offices,” he said.
Currently, it has two branches and an IT unit in Bengaluru to serve as an in-house data processing centre.
The bank will bring an IT system from Moscow (Russia) and make adjustments to the specific regulations of the country, he said.
Besides, he said, it will also seek the right partn​Sberbank, Russia’s largest lender, on Thursday said it plans to gradually expand its business in India and would invest about USD 100 million over the next three years to take advantage of the growing Indian market.
“We have a full banking licence here…we will expand our business in a step-by-step manner over the next three years. We will ramp up B2B business and enter into the B2C segment,” Herman Gref, CEO and Chairman of the Executive Board, Sberbank, told reporters here.
The bank, which established its operations in 2010, has sought 10 branch licences from the RBI to be opened across 10 cities.
“We have requested the central bank here to grant 10 branch licences for opening offices,” he said.
Currently, it has two branches and an IT unit in Bengaluru to serve as an in-house data processing centre.
The bank will bring an IT system from Moscow (Russia) and make adjustments to the specific regulations of the country, he said.
Besides, he said, it will also seek the right partn ​Latest News [ SOBAN NEWS: International and National ]
