Branch of Sberbank of Russia in India
CEO of the Branch: Ivan Nosov
In September 2010, the Bank of Russia registered the branch of Sberbank of Russia in India. In May 2010, Sberbank of Russia was granted a licence for banking operations in New Delhi and promptly completed all procedures required for branch registration. While at the development stage, the main objective of the new unit is to create a strategic springboard into the Indian market that will allow the Bank to support high long-term growth rates of the Group's business in general.