In January 2026, India’s largest Public Sector Bank (PSB), State Bank of India (SBI) , bolstered its trade finance and global banking operations with the launch of a Global Trade Finance Centre (GTFC) in Kolkata, West Bengal (WB).
- In July 2025, the bank launched two specialized GTFCs i.e. in Kolkata and Hyderabad (Telangana) on the occasion of 70th anniversary of SBI.
About SBI’s GTFC:
Centralized System: It is designed to streamline Inland trade and the processing of Import and Export transactions.
Significance: It also supports all SBI branches across eastern and northern parts of the country, facilitating faster turnaround times, robust compliance oversight and a significantly improved customer experience for businesses involved in domestic and cross-border trade.
Technology-driven: GTFC uses the advanced technologies such as: Artificial Intelligence (AI), Machine Learning (ML), Blockchain, among others, thereby transitioning from traditional paper-based systems.
Operational Details:
Staff Strength: 277 total (161 SBI employees, 105 outsourced, 11 temporary)
Local Hiring: 61% workforce (169 employees) from West Bengal
Economic Contribution: Rs.1.40 crore Goods and Services(GST) to West Bengal since 2024
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