State Bank of India UK Limited (SBI UK) marked another milestone in its growth trajectory this month with the opening of a new City of London branch at King Street.
The celebratory event saw the new premises officially inaugurated by SBI Chairman C.S. Setty in the presence of the Lord Mayor, Alderman Alastair King DL, senior management and over 50 esteemed customers recently.
Setty stated: “The opening of the new premises for the City of London branch symbolises SBI’s strategic focus on strengthening its services in the United Kingdom and our unwavering commitment to our customers.
“This new location will enable us to bring premium banking services closer to our clients in the heart of London’s financial district, ensuring its customers have seamless access to banking solutions tailored to their needs.”
Sudhir Sharma, CEO of SBI UK Ltd, said: “We understand the importance of maintaining a physical presence and making in-person banking accessible.
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“This new premises demonstrates our dedication to serve local communities in which they operate, by providing innovative, exceptional, and customer-focused banking services.”
Situated in the heart of London and near the historic Guildhall, the new branch is ideally located to enhance customer accessibility and convenience. The state-of-the-art branch features modern amenities, including a Safe Deposit Locker service, introduced for the first time at this location to better serve the needs of customers.
“The new premises stand as a testament to the banks vision for the future while staying rooted in its tradition of serving the community. With a legacy spanning over a century in the UK, SBI reaffirms its commitment to serving personal, corporate and business customers,” the bank stated.
SBI UK Ltd, a subsidiary of State Bank of India, was formed in April 2018. It is the youngest subsidiary for SBI and has 11 strategically located branches in the UK.
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SBI, a Fortune 500 company, is the largest commercial bank in India and was ranked 55th in the Forbes list of Global 2000 firms in 2024. It has been operating in the UK since 1921, having ringfenced and subsidiarised its retail franchise as of April 2018.
*Info: SBI UK
