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SBI
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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