70 August 2015 www.bahrainthismonth.com india independence Growing Through Trust STATE BANK OF INDIA A bank with history that’s still expanding today. The State Bank of India (SBI), which is a Fortune 500 company and India’s largest bank, has been operating in Bahrain for almost 40 years having opened its wholesale banking branch on the island in 1977. In 2007 it opened its retail branch in Manama and since then it has grown swiftly in terms of business, profit and customer numbers offering a wide range of products and services including savings and current accounts, fixed deposits, recurring deposits, overdrafts, term loans, letters of credit, bank guarantees, auto and personal loans, Internet banking, safe custody lockers and ATMs. Services are available to both corporate and individual clients of all nationalities and SBI also provides a range of options for non-resident Indians such as assistance in opening non-resident rupee accounts in India, applying for home loans in India and investments with the SBI mutual fund. The bank has expanded from one retail branch in the Kingdom to three in the past five years and, through its trade finance services, it has promoted growth in trade between India and Bahrain enabling the island’s business people to establish new connections for commerce with the sub-continent. With a history spanning more than 200 years the State Bank of India stands for trust and its excellent and professional standards of customer service has seen business with both the Indian community and those of other nationalities growing steadily. Call 17 548-033.
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