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About SBI UK Ltd

About SBI UK Ltd

About SBI UK

State Bank of India (UK) Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 757156). SBI (UK) Ltd is registered in England and Wales (Registered no: 10436460), with a registered office at 15-17 King Street, London EC2V 8EA. Your eligible deposits with State Bank of India (UK) Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. For further information please visit www.fscs.org.uk.

 

SBI UK Ltd. is a wholly owned subsidiary of State Bank of India.

With a legacy of over 200 years, State Bank of India (SBI), the parent Bank of SBI UK Ltd., traces its ancestry to the Bank of Calcutta founded in 1806. Today SBI is an Indian multinational, public sector banking and financial services statutory body, fostering India’s US$2.6 trillion economy and serving the hopes of its vast population. The bank is a member of the Fortune 500 and the largest commercial bank in India alone in terms of assets, deposits, branches, customers and employees. The Government of India is the largest shareholder of the bank, holding a 57.13% stake. It has over 430 million customers worldwide, with 208 offices in 32 countries. It also has over 22,000 State Bank Group branches and over 58,000 ATMs.

In the UK, SBI has been active since 1921, and has grown to become the largest Indian bank in the UK. Whilst SBI’s operations in the UK began in wholesale banking, it has now expanded to include a subsidiarised, ring-fenced retail offering as well.

The bank’s retail-focussed subsidiary, State Bank of India (UK) Limited, was established in April 2018, with 12 branches across the UK. Its products and services include – Commercial Lending, Buy to let Mortgages, Cash ISA’s, Safe Deposit Lockers, Instant Access Savings Account, Business Account and Fixed Deposits. This year, SBI  UK launched the YONO app, its versatile digital banking app. This is part of the bank’s plans to expand its digital offerings in the coming years. YONO SBI UK aims to provide customers with a  seamless, convenient, easy-to- use mobile app for their banking needs.

Having proudly served the UK community for almost 100 years, SBI remains committed to both its corporate, business and individual customers.

State Bank of India (UK) Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 757156). SBI (UK) Ltd is registered in England and Wales (Registered no: 10436460), with a registered office at 15-17 King Street, London EC2V 8EA. Your eligible deposits with State Bank of India (UK) Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. For further information please visit www.fscs.org.uk.

 

Our Commitments and Supply Chain Management

Modern Slavery Statement of Compliance - State Bank of India UK  Ltd (SBIUK) supports the Modern Slavery Act 2015 and the Government, by upholding human rights principles to ensure that slavery and human trafficking is not taking place within our directly employed workforce, or any of our outsource providers. We promote best practice in our supply chain and ensure that all our current and prospective outsource providers, working on behalf of State Bank of India UK Ltd, are conscious of our values and act in accordance with them.

We work closely with external suppliers, to purchase the goods and services required to run our business.

 

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