State Bank of India has been playing a major role in fulfilling the global aspirations of Indian corporations through its 141 foreign offices in over 30 countries. Our Singapore operations were set up in 1977 with an offshore banking license, equipping us with over three decades of experience in commercial and wholesale banking. SBI Singapore achieved another milestone during the year 2008 with the grant of Full Bank status with QFB privileges. SBI has now launched a suite of retail banking products which will complement its existing corporate banking products, and enable us to service both individual and corporate customers.

We have a wide range of Corporate and Retail Products and our instant transfer facility for INR remittances is highly popular. This facility enables money transfers to more than 17,000 Branches of the State Bank group in India. We also connect to offer remittance facility to more than 30,000 RTGS enabled branches of other banks in India. We have started our Retail offerings with Savings Accounts, Current Accounts, Term Deposits, Recurring Deposits and unique deposit products called Multi-Option Deposit (MOD) and Sweep. On the retail loans front, we offer mortgage loans comprising SIBOR linked and Fixed rate products. These products come to you with attractive interest rates and personalized service.