SBI’s Chairman C S Setty Visited the Global Trade Finance Centre in Kolkata

News Desk, News Nation 360 : The Chairman of the State Bank of India, C S Setty, visited the Global Trade Finance Centre in Kolkata and stated that the GTFC was established to centralise the processing of Trade Finance and International Banking transactions, allowing for faster turnaround, stronger compliance, and a significantly improved customer experience. GTFC, Kolkata, serves SBI branches throughout the Eastern and Northern parts of India. With over 300 qualified individuals at its Kolkata office, SBI is strengthening its Trade Finance operations through digitisation and process standardisation across all branches. The Bank's dedication is demonstrated by the transition of Trade Finance from paper-based to digital procedures that use AI/ML, Blockchain, and document digitisation. The Chairman announced that the Bank has awarded the Best Trade Finance Services Corporate/Institutional India and Best Trade Finance Services Corporate/Institutional Asia-Pacific honours at the Global Finance Best Digital Bank honours 2025, which took place in London. As global banking and trade finance become more digitised and dynamic, the Bank is modernising its capabilities by employing innovative technology and deep expertise to create new benchmarks for speed, security, and client service. These activities are aimed at satisfying the changing needs of Indian and international enterprises, as well as reinforcing the Bank's position as a trusted enabler of India's global trade objectives.

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