Kolkata: C. S. Setty, Chairman of the State Bank of India (SBI), visited the Global Trade Finance Centre (GTFC) in Kolkata on Saturday and emphasized that the centralization of Trade Finance and International Banking transaction processing is designed to ensure faster turnaround, stronger compliance, and a significantly enhanced customer experience.
During the visit, the Chairman highlighted SBI’s recent global recognition, noting that the Bank has been honoured with:
- Best Trade Finance Services Corporate/Institutional – India, and
- Best Trade Finance Services Corporate/Institutional – Asia-Pacific
under the Best Digital Bank Awards 2025 by Global Finance, London.
GTFC Kolkata currently serves SBI branches across the entire Eastern and Northern regions of India. With a workforce of over 300 skilled professionals, the centre is strengthening the Bank’s Trade Finance operations through digitization and standardized processes to ensure uniformity across branches. The Bank’s shift from paper-based trade finance to digital workflows—leveraging AI/ML, blockchain, and document digitization—reinforces SBI’s commitment to innovation and operational excellence.
Positioning itself for the future of global banking, SBI is reimagining its trade finance capabilities as global trade becomes increasingly digitized and dynamic. By combining advanced technology with deep domain expertise, the Bank aims to set new benchmarks in speed, security, and customer experience, further solidifying its role as a trusted enabler of India’s global trade aspirations.
