State Bank of India launches Japan Desk in India
Desk to facilitate Japanese corporates with banking and business advisory services
State Bank of India has set up a “JAPAN DESK” in New Delhi which was inaugurated by H.E. Mr. Kenji Hiramatsu, Japan’s Ambassador to India and Mrs. Arundhati Bhattacharya, Chairman, State Bank of India.
State Bank of India has the largest presence overseas amongst Indian banks with 194 offices spread across 36 countries. The overseas operations of the Bank are covered under International Banking Group which accounted for 14.69% of the Bank’s Balance Sheet and 19.35% of the Bank’s profit in FY 2015. SBI has two branches in Japan, at Tokyo and Osaka.
The India-Japan vision 2025 document envisages a greater co-operation between the two countries and its impact is being seen in several sectors. The increased awareness and interest among the Japanese Corporates towards India has been offering many business opportunities to the country. As the premier bank of India, SBI is keen to be a partner in the growth of economic relations between India and Japan and has decided to set up a dedicated Japan Desk in Delhi to cater to the needs and requirements of Japanese Corporates.
Japan Bank for International Cooperation (JBIC) already has an MOU with SBI since 2012 to facilitate and develop a close relationship with the Japanese Regional Banks to undertake substantial banking business with them. SBI Japan Operations have so far signed MoUs with 14 Japanese Regional Banks / Shinkin Banks.
SBI Japan Desk has been set up to take this initiative forward and be a single nodal point for catering to the Japanese Corporates. The brand SBI stands for credibility and reliability and Japan Desk shall ensure that the information provided to Japanese corporates/SMEs is consistent with SBI values. Through the Japan Desk, SBI is aiming to be the window to inbound Japanese Investments in India and vice-versa. The Japan Desk will facilitate in the establishment of banking relationship with the Japanese corporates and the Japanese nationals, provide information on industries, sectors etc. Such information can be utilised by the Japanese corporates for taking an appropriate decision for their business expansion and securing rupee funding in India.
Contact details of Japan Desk are as under:
TS Jena, Head
SBI Japan Desk
SBI Capital Markets Limited,
5th Floor, World Trade Tower,
Barakhamba Lane, New Delhi – 110001
Mob: +91-85888-44760, Tel: +91-11-2348-5341