Sber Acquires Two Business Centers in New Delhi to Expand Russian Business Presence in India

Sber Acquires Two Business Centers in New Delhi to Expand Russian Business Presence in India

Vladivostok [Russia], September 2: At the Eastern Economic Forum 2026 (EEF-2026), Alexander Vedyakhin, First Deputy Chairman of the Management Board of Sberbank, announced that the bank has purchased two Summit Towers business centers in New Delhi. The move represents a significant step in expanding the infrastructural presence of Sber and Russian businesses in India.

The purchase of these properties in the Indian capital is expected to build a fresh base for long-term cooperation. Sber has been steadily increasing its presence in India, and this investment is part of its broader expansion strategy.

Alexander Vedyakhin, First Deputy Chairman of the Management Board of Sberbank:

“We continue to expand our presence in India, including in the real estate sector. Recently, we purchased two business centers (Summit Towers) in New Delhi. These two large towers in central Delhi, located next to the World Trade Center, are scheduled for completion by 2028. We plan to establish a center for Russian-Indian cooperation here – creating a new infrastructural base for Russian businesses operating in India. We invite Russian companies to partner with us and join this initiative.”

Earlier, the executive underlined Sber’s plans to continue actively developing payment tools and deploying AI solutions in India in 2027, further strengthening its position as the main provider of bilateral payment services between the two countries.

Alexander Vedyakhin, First Deputy Chairman of the Management Board of Sberbank:

“During the past year, we have observed major improvements both in banking services and in emerging business areas. More than 90% of payments from Russia to India are now completed in under 10 minutes (compared with 60% a year earlier), while over one-third of payments are processed within 60 seconds. In practical terms, if you make a transaction while speaking with an Indian colleague on a call, the payment may be debited from the Russian company and credited to the Indian partner during that same conversation. Payments between the countries are handled very quickly, clearly, efficiently, and at a low commission. This creates yet another strong bridge for the continued development of our relations.”

Over 90% of Payments in 10 Minutes: Sber Accelerates Russian-Indian Trade

Over 90% of Payments in 10 Minutes: Sber Accelerates Russian-Indian Trade

St. Petersburg [Russia], June 5: Among the areas are launching factoring for Indian MSMEs, developing technology bridges in AI, and creating a sustainable infrastructure for settlements in national currencies.

A New Stage of Financial Cooperation

Since April 1, 2026, Indian microenterprises, small and medium-sized companies (MSMEs) have gained access to Sber’s factoring services. The service, fully compliant with local legislation, allows companies operating with deferred payment terms of up to 180 days to quickly obtain working capital against the assignment of receivables without collateral.

Alexander Vedyakhin, First Deputy Chairman of the Executive Board of Sberbank:

“According to forecasts, by 2030 India will be among the world’s three largest economies, and such flexible financial instruments are critically necessary”.

Sber’s corporate clients in India can now open rupee deposit accounts online with interest rates of up to 7% per annum, as well as use them as collateral for loans. The total number of rupee accounts has grown by more than 60% over the past year.

Technological Sovereignty and AI

In the interview, Alexander Vedyakhin paid special attention to cooperation in the field of artificial intelligence. Sber views India as a strategic BRICS+ partner: in the IT hub in Bangalore, more than 250 engineers, together with their Russian colleagues, are developing world-class AI products.

Alexander Vedyakhin, First Deputy Chairman of the Executive Board of Sberbank:

“Sber is deeply immersed in India’s AI ecosystem, and we see a number of opportunities where our solutions and expertise can strengthen the business of local companies. We are working with them to develop joint business models and optimal partnership formats. We are confident that by working together in developing applied solutions based on GenAI and actively exchanging experience and competencies, we can make significant progress in building sovereign solutions. Such solutions must be adapted to the needs of citizens and businesses in our countries while simultaneously ensuring reliability and security, especially when used in critical processes”.

Rupee Settlements and Trade Support

The issue of stuck rupees, which was relevant several years ago, has been completely resolved. Conversion is possible in any volume. Sber has launched rupee-denominated lending for importers and joint ventures, as well as export financing for shipments of Indian pharmaceuticals, machinery, and consumer goods to Russia.

Currently, over 90% of payments from Russia to India are processed online in less than 10 minutes. The Business Development service, launched in 2024, has already generated about 3% of the bilateral trade market, with transaction volumes in 2026 increasing 10-fold compared to last year.

New Office in Delhi and Educational Projects

Sber’s immediate plans include opening a modern office in Delhi. Preliminary lease agreements are now being signed for a complex under construction, where the bank’s smart technologies will be applied.

Last year, to support entrepreneurs, Sber, in partnership with HSE University, launched an educational program on the specifics of business culture in the two countries. A guide for Indian companies interested in localizing their business in Russia was also published, and the Russia Executive Business Program for managers from India was launched.