The history of State Bank of India dates back to 1921 with the merger of Bank of Madras and Bank of Calcutta to create Imperial Bank of India. Imperial Bank of India was renamed State Bank of India in 1956.

The assets managed by State Bank of India increased to total of $447 billion from $120 billion; after the merger with State Banks of Bikaner & Jaipur (SBBJ), State Bank of Travancore (SBT), State Bank of Patiala (SBP), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM) and Bhartiya Mahila Bank; .

State Bank of India has 270,000 employees, 58,000 ATMs and 24,000 branches.

State Bank of India – Hong Kong

SBI has offices globally and its Hong Kong branch is in operation since 1978. And is a member of deposit protection scheme.

Official Website: https://hk.statebank/

SBI Hong Kong Address, Phone

Address: 15th Floor, Central Tower, 28, Queens Road, Central, Hong Kong.
Postal Address: GPO Box 10125, Central, Hong Kong.
Telephone: (852) 2597 1222
Fax: (852) 2868 1966
Email: info.hk@statebank.com
SWIFT: SBINHKHH

Products / Services

State bank of India, Hong Kong branch offers various products/services for retail and wholesale customers. This includes –

(1) Commercial Banking: Term loans and project finance, correspondent banking, international banking

(2) Business Banking:

• Import Trade Finance – Issuance of letter of credit, Import document collection, Buyers credit, Finance for capital goods imports to Indian corporates
• Export Trade Finance – LC Advising Services, Confirmation of LCs, Export LC Negotiation, Bills Discounting, Transfer of LC facility, Issue of LC against LC (Back to back LC), Credit facilities against LOU/ Bank Guarantees
• India China Trade Support – LC Advising, Negotiations, Bills Discounting Services, Issue of LCs, Issue of Back to Back LCs, Transfer of LCs
• Treasury

(3) Personal Banking: Fixed deposits, savings account, current account, loans against term deposits, global remittances against personal and cashier’s cheques.

(4) NRI Services: NRI Housing Term Loan, NRE Rupee accounts, Savings Bank, Current Accounts, Term Deposits, Special term Deposits, Non-Resident (ordinary) Accounts, Foreign Currency Non resident Accounts