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SBI Opens Global Trade Finance Centres in Kolkata and Hyderabad

3 July 20251 min read
BANKING & FINANCESBI Opens GlobalTrade FinanceCentres in Kolkataand Hyderabad3 July 2025safalsetu.com

Why in the news

State Bank of India set up two specialised hubs to make import-export business faster and more tech-driven.

Key facts

  • Two Global Trade Finance Centres (GTFCs): Kolkata and Hyderabad.
  • Customers gain quicker turnaround, tighter compliance and smoother service.
  • Operations are moving from paper-based systems to digital platforms.

Significance

The shift is expected to improve accuracy, speed and risk management in trade finance.

Exam angle

  • Bank: SBI; centres: GTFCs.
  • Tech tools: AI, ML, blockchain.

Test yourself

1. Which bank inaugurated Global Trade Finance Centres in Kolkata and Hyderabad?

SBI opened the two GTFCs in Kolkata and Hyderabad.

2. How many Global Trade Finance Centres did SBI inaugurate in this announcement?

The notes say two GTFCs were opened, in Kolkata and Hyderabad.

3. SBI's trade finance operations are moving away from which system, as per the notes?

The shift is from paper-based processes to digital platforms.

This topic is part of Daily Current Affairs 3 July 2025 (17 topics).

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