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SBI Commercial

SBI Commercial and International Bank Ltd, also known as SBI Commercial, is a wholly owned subsidiary of State Bank of India.

About SBI Commercial

SBI Commercial or SBICI Bank is a part of India’s financial and banking behemoth State Bank of India. It works in the form of a private sector bank with superior quality of services. SBI Commercial has received the ISO:9002 certification award since it covers all the products and services at all its branches and locations which is an exceptional feature of any bank in India.

SBI Commercial is a state-of-the-art and customer-friendly bank providing a wide array of financial products and services. The goal of the bank is to offer custom-made services and form a strong relationship of trust and belief with their prized customers.

Though it is small in size, SBI Commercial has the ability to satisfy all the needs of the customers. It is a part of the biggest banking group in India and has both domestic and international access. SBICI can offer all the safety and security that SBI offers to its customers.

The Managing Director of SBICI is Shri G.B.S. Wadhwa. The bank has two branches in Mumbai, one at Nariman Point which is the corporate office and main branch and another in Lokhandwala, Andheri West. The bank is covered by the Banking Ombudsman Scheme 2006.

Board of Directors of SBI Commercial

The Board of Directors of SBI Commercial comprises the following eminent individuals:

  1. Shri G.B.S. Wadhwa (Managing Director)
  2. Shri M.M. Lateef (Non–Executive Part Time Chairman)
  3. Shri S. A. Thimmiah (Director)
  4. Shri. S. Vishvanathan (Director)
  5. Shri P. R. V. Raghavan (Director)
  6. Shri B.S. Gopalakrishna (Director)

Products and services offered by SBI Commercial

The bank offers a full range of products and services to cater to every need of the customer, which includes the following:

Deposit Schemes

  1. Current account
  2. Savings bank
  3. NRE Accounts
  4. Fixed Deposits
  5. Recurring Deposits
  6. FCNR(B) Deposits
  7. Basic Banking No Frills Account
  8. RFC

Personal Loans

  1. Own-A-Home-Loan
  2. Consumer Loan
  3. Mortgage Loan
  4. Personal Loan
  5. Vehicle Loan
  6. Money against Shares and Securities
  7. Education Loan

Remittance Facilities

  1. Pay Orders
  2. Draft
  3. SWIFT
  4. Electronic Funds Transfer and Electronic Clearing Services

Corporate Loans

  1. Term Loans
  2. Working Capital Finance
  3. Export Finance
  4. Bank Guarantees
  5. Import Finance

Community Services

  1. Hellen Keller
  2. Save Your Child

NRI Services

  1. Ordinary Non-Resident Rupee Account (NRO)
  2. Non-Resident (External) Rupee Accounts (NRE)
  3. Foreign Currency Accounts
  4. Resident Foreign Currency (RFC) Accounts Scheme
  5. Import of Gold/Silver By NRIs

SBI Commercial Contact Details

Corporate Office & Nariman Point Branch:
Maker Chambers III,
Nariman Point,
Mumbai - 400 021

Lokhandwala Complex Branch:
Nebula Apartments,
4 th Cross Lane,
Lokhandwala Complex,
Andheri (W),
Mumbai - 400 053

Email: mumsbici@bom3.vsnl.net.in


SBI Commercial


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