About SBI Antwerp
With a legacy of over 200 years, State Bank of India (SBI) traces its ancestry to Bank of Calcutta founded in 1806 and is the oldest commercial bank in the Indian subcontinent. SBI is an Indian multinational, public sector banking and financial services statutory body, fostering to the nation’s 2.6 trillion-dollar economy and serving the hopes of its vast population.
For SBI, the interests of common man have always remained at the core of its business. With a customer-centric approach, the Bank has designed products and services to meet the expectations of the financial life cycle of its valued clientele. Keeping pace with the transforming landscape of the Indian economy. SBI has broadened its digital base in the recent years. The Bank plays a fundamental role in making the Government of India’s Digital India initiative a reality.
Headquartered in Mumbai, SBI provides a wide range of products and services to individuals, commercial enterprises, large corporates, public bodies, and institutional customers through its various branches and outlets, joint ventures, subsidiaries, and associate companies. It has always been in the forefront to embrace changes without losing sight of its values such as Transparency, Sustainability, Social Responsibility, and Customer Service.
It is the largest commercial bank in India in terms of Assets, Deposits, Branches, Customers and Employees. As on 31 March 2020, Government of India held around 57.63 % equity shares in SBI. The shareholding of Domestic Institutional Investors and FII/FPI are at 26.78 % and 9.59% respectively.
On 1st April, 2017, SBI merged its five Associate Banks (State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore) and Bharatiya Mahila Bank with itself. This is the first ever large scale consolidation in the Indian Banking Industry. With the merger, State Bank of India has entered the league of top 50 global banks.
SBI is the largest bank in India in terms of Deposits, Advances, Customers and Banking Outlets. It has a customer base of 4.35 billion. It has more than 22000 branches and 58415 Pan-India ATMS, CDMs and Recyclers. It commands a market share of 22.38% in Deposits and 20.09% in Advances.
As on 31st March 2020, its balance sheet size is USD 522 billion, Deposits of USD 428.42 billion and Loan book of USD 320.21 billion. Its Capital, Reserves & Surplus is around USD 30.66 billion. The Net Profit at USD 1.92 Billion is highest in the history of SBI. The Bank is well capitalized with Capital Adequacy Ratio (CAR) of 13.06 % with CET-1 of 9.77 % and Tier 1 capital of 11.00 %. The Net NPA ratio at 2.23 % is one of the best in Indian Banking industry.
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, general insurance, security trading, pension funds, payment solutions, custodial services, making the SBI group a truly large financial supermarket and India’s financial icon. It is leader is digital banking with highest number of internet banking and mobile banking customers.
YONO is SBI brand digital platform. The digital platform has a customer base almost equal to the population of Australia. SBI is market leader across all digital channels, with a share of 29.42% in Debit Card spends, 13.43% in POS terminals, 23.23% in Mobile banking transactions. The average number of ATM transactions is around 350 mio per month. More than 90 % of Bank’s total transactions are through Alternate Channels.
SBI has global presence with 227 overseas offices spread over 32 countries and across all time zones. It has arrangement 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 team of professionals.
SBI has over the years garnered numerous awards and accolades. In 2019, SBI was rated as Best Transaction Bank in India by “The Asian Banker”, “The Best Trade Finance Bank (India) for the eighth consecutive year by Global Finance Magazine, “Best MSME Bank Award-Large Bank by CIMSME. The digital initiative “YONO” won the “Mobile Banking Initiative of the Year – India at the Asian Banking and Finance Retail Banking Awards, Singapore.
SBI group is presently headed by Mr. Dinesh Kumar Khara.
State Bank of India, Antwerp was opened on the 15th July 1983. The branch started meeting the growing trade between the BENELUX countries and India, with emphasis on the growing Belgo Indian diamond trade. Today, we have an active trade desk financing a variety of exports from EU countries. We offer quick and reliable remittance facilities to India and other countries at competitive rates. We actively participate in global syndications and facilitate acquisition and mergers of companies in EU region besides meeting the India related business needs of European companies. A team of committed and motivated staff offer a variety of services and financial products at competitive pricing.
Mr. Venkata Vamsidhar Kuncha is presently the Chief Executive Officer of SBI Antwerp operations.
In March 2020, Antwerp Branch moved to a new modern office at following address
State Bank of India,
B-2018 Antwerp, Belgium