Addressing a select media briefing, he spoke about the bank’s current projects and strategic plans in the Indian market while noting that Sberbank has been developing its financial business in India for 16 years. “Today, the bank serves tens of thousands of corporate clients in the Indian direction and acts as a key partner both for Russian companies seeking to enter the Indian market and for Indian companies doing business with Russia,” Gref said.
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“One of the key recent achievements has been resolving issues related to transactions between the two countries. Money transfers from India to Russia and back now take only a few minutes, and commissions for financial services between the countries are approaching the global average. This opens up new opportunities for business development,” he said.
To expand its presence in India, he said, Sberbank has acquired two office buildings, which are already under construction and will be commissioned in 2028. In central Delhi, the bank will create not only its own headquarters but also a business centre for major Russian and Indian companies developing .
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