State Bank of India Australia
The State Bank of India started its operations on the 23rd November, 1998 when it opened a Representative Office in Sydney. Effective from the 21st April, 2004, the Representative Office was transformed into a Australian Bank. The branch was opened with the objectives of fostering trade between India and Australia through trade finance products and helping Indian corporates access and contribute to the Australian economy.
The Reserve Bank of India regulates the Global Bank and the Australian Banking operations are also authorized and regulated by Australian Prudential Regulation Authority (APRA) and other local Australian regulators.
SBI Australia offers a wide range of services such as deposits, remittances, trade finance solutions, syndicated loans etc. Synergy of the SBI Global Group and its specialized subsidiaries make SBI Australia the ideal partner for your India Related business. SBI Austalia also holds an Australian Financial Services License (AFSL).
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Product Issuer is State Bank of India Australia ABN 95 082 610 008 AFSL 238340