SBI State Bank of India, Sydney

Level 12/234 George Street Sydney CBD, NSW 2000

About SBI State Bank of India, Sydney

State Bank of India, Sydney is one of the Foreign branches of India's largest commercial bank. The State Bank Group has over 18000 branches within India and another 150 offices outside India spread over 32 countries.

State Bank of India started its operations on the 23rd Novermber, 1998 when it opened a Representative Office in Sydney. Effective from the 21st April, 2004, the Representative Office was transformed into a full fledged branch. The branch was opened with the objectives, inter alia, to foster the trade between India and Australia through trade finance products and to help Indian Corporates to access the financial market in Australia.

The Reserve Bank of India regulates the whole Bank and the Sydney operations are also authorised and regulated by Australian Prudential Regulation Authority(APRA).

SBI Sydney offers a wide range of services such as deposits, remittances, trade finance solutions, syndicated loans etc. Synergy of the SBI Group and its specialized subsidiaries make SBI Sydney the ideal partner for your India Related business.

State Bank of India (SBI), with a 200 year history, is the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees. The Government of India is the single largest shareholder of this Fortune 500 entity with 61.58% ownership. SBI is ranked 60th in the list of Top 1000 Banks in the world by "The Banker" in July 2012.

The origins of State Bank of India date back to 1806 when the Bank of Calcutta (later called the Bank of Bengal) was established. In 1921, the Bank of Bengal and two other banks (Bank of Madras and Bank of Bombay) were amalgamated to form the Imperial Bank of India. In 1955, the Reserve Bank of India acquired the controlling interests of the Imperial Bank of India and SBI was created by an act of Parliament to succeed the Imperial Bank of India.

The SBI group consists of SBI and five associate banks. The group has an extensive network, with over 20000 plus branches in India and another 173 offices in 34 countries across the world. As of 31st March 2012, the group had assets worth USD 359 billion, deposits of USD 278 billion and capital & reserves in excess of USD 20.88 billion. The group commands over 22% share of the domestic Indian banking market.

SBI's non- banking subsidiaries/joint ventures are market leaders in their respective areas and provide wide ranging services, which include life insurance, merchant banking, mutual funds, credit cards, factoring services, security trading and primary dealership, making the SBI Group a truly large financial supermarket and India's financial icon. SBI has arrangements with over 1500 various international / local banks to exchange financial messages through SWIFT in all business centres of the world to facilitate trade related banking business, reinforced by dedicated and highly skilled teams of professionals.

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Accepted Payment Methods

  • Cash Cash

Languages We Speak

  • English
  • Punjabi
  • Hindi
  • Tamil



Level 12/234 George Street, Sydney CBD NSW 2000

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