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.”