Sberbank’s India branch is actively expanding lending to Russian exporters and their Indian subsidiaries, while a substantial portion of bilateral transactions is now conducted in local currencies. The bank also expressed interest in participating in large-scale infrastructure projects, underscoring Russia’s growing financial footprint in India’s trade and development landscape.
Russia’s largest lender, Sberbank, is strengthening its presence in India through a multi-pronged strategy. The bank’s India branch has begun actively developing lending services for Russian exporters and their Indian subsidiaries, aiming to facilitate smoother trade flows.
A notable shift is underway in bilateral trade: a substantial portion of transactions between Russia and India is now conducted in local currencies, reducing reliance on the US dollar and reinforcing financial sovereignty.
In addition, Sberbank has signaled its interest in large-scale infrastructure projects in India, aligning with New Delhi’s push for foreign investment in energy, transport, and industrial corridors. Analysts view this as a strategic deepening of Russia-India economic ties amid evolving global financial realignments.
Key Highlights
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Lending Expansion: Sberbank India branch supports Russian exporters and Indian subsidiaries.
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Local Currency Trade: Significant share of Russia–India transactions bypassing the US dollar.
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Infrastructure Focus: Bank keen on participating in India’s mega projects.
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Strategic Context: Move strengthens Russia–India economic partnership amid global shifts.
Sources: Reuters (RTRS), The Economic Times, Business Standard, The Hindu BusinessLine.