Kolkata, Nov 15 (UNI) PSU lender State Bank of India’s chairman C S Setty, who today visited Global Trade Finance Centre in the city, said that the establishment of GTFC for centralization of processing of Trade Finance and International Banking transactions is aimed at enabling faster turnaround, stronger compliance and significant improved customer experience.
GTFC, Kolkata, caters to SBI branches in the entire Eastern and Northern part of India. With the strength of 300 plus skilled professionals at Kolkata centre, SBI is reinforcing its Trade Finance operations through digitization, process standardization with uniformity across the branches.
Transition of Trade Finance from paper based to digital processes using AI/ML, Blockchain and document digitization is a testament to the Bank commitment.
As a strategic step towards the future of Global Banking, Trade becomes increasingly digitized and dynamic. Bank is reimagining the trade finance capabilities to meet the evolving needs of businesses across India and beyond.
“Combining cutting-edge technology with deep domain expertise, we aim to set new benchmarks in speed, security and customer experience and further strengthen our position as a trusted enabler of India’s Global Trade Ambitions,” he added.
