Oman Operations

Our Oman Operations (SBI, Muscat) were set up in 2004 with a Full Commercial Banking license, equipping us with over six years of experience in commercial and retail banking. We have been actively involved over the years in a number of projects in Infrastructure Development in the Sultanate of Oman. We provide Project Finance for Greenfield / Brownfield Expansion projects through bilateral Term Finance and participation in Syndicated deals. Financing the working capital requirements of Small, Medium and Large Commercial Enterprises is a major activity of our domestic operations. We extend the required line of credit either exclusively or under multiple banking arrangements. Our Trade Finance products and services are well suited to meet the needs of Industry. Corporates / Business houses in Oman can capitalize on our strong India linkages to promote their business interests in Oman and India..

Our Retail offerings include Savings Accounts, Current Accounts, Term Deposits, and Recurring Deposits backed by 24×7 ATM and Internet Banking alternate delivery channels. We propose to shortly launch suite of Retail and SME loan products which will complement our existing corporate banking products, and enable us to service both individual and corporate customers. All our products / services are offered at attractive terms with personalized service. 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 50,000 RTGS/NEFT enabled branches of other banks in India.