Israel India | Business Guide | 2017

SBI >General Content > 0 17 T he Tel Aviv Branch of State Bank of India has been serving the Israeli Business community for more than 9 years.We appraise the credit needs of Corporates and offer term loans, provide working capital finance and project and trade finance.Such loans are usually secured by the primary security of stocks and receivables,fixed & other assets and other collateral depending on the type of loan. In debt financing, we participate actively in big-ticket deals both in the Bilateral and Syndication markets and are open to working with other banks. We offer Term Loans, Credit Line, etc., at fixed or floating rates for projects,general corporate purpose or substitution of existing costlier debt in either US dollars, Euro or Israeli Shekels. Key services: • Advising and adding confirmation to LCs established by SBI (largest network of commercial branches in India), other scheduled and acceptable private banks in India and our international branches and select banks elsewhere. • Discounting, negotiation and payment of documentary Export Bills under LCs established in all US Dollars. • Suppliers’/ Buyers’Credits in the formof Short TermForeign Currency Loans under LCs, at competitive market rates. • SBI Tel Aviv provides bank guarantees on behalf of Israeli companies for export of goods and services to India.We also issue trade related guarantees to Israeli companies on behalf of Indian companies. Apart fromvarious credit and fund and non-fund based trade activities, we also offer institutional and corporate deposit products at attractive State Bank of India in Israel SBI, a Universal Bank in India The 210-year old State Bank of India is the largest commercial bank in India. In 1955, the Reserve Bank of India acquired the controlling interests of the erstwhile Imperial Bank of India and SBI was created by an act of Parliament. In 2008, the Government of India acquired RBI’s stake in SBI and is now the single largest shareholder of this Fortune 500 entity with around 62.62% ownership. The SBI Group has an extensive network, with over 22000 plus branches in India and another 196 offices in 36 countries correspondent relationships with 348 banks across 98 countries across the world.SBI has arrangements with over 1500 various international / local banks to exchange financial messages through SWIFT. SBI's non-banking subsidiaries/joint ventures are market leaders and provide life insurance,merchant banking,mutual funds, credit cards, factoring services, security trading and primary dealership,making the SBI Group a truly large financial supermarket and India's financial icon. interest rates and remittance facility to India and to various other countries, using our state-of-the-art tech platform. *We undertake only very few select retail transactions