State Bank of India (SBI)
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State Bank of India is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra.
Business in Russia
State Bank of India and Bank of Baroda informed refiners they will not handle payments for oil bought above the limit. Indian banks have begun blocking payments for "black gold" of Russian origin after the tightening of US sanctions, which affected more than 180 tankers of the "shadow fleet", Gazprom Neft, Surgutneftegaz, insurance companies, and six top managers of oil and gas companies. According to EnergyIntel, the state-owned State Bank of India and Punjab National Bank are the most cautious, while private banks have taken a softer stance.
Decision trail
Decision date 14/09/2023 · Reference ↗
Facilitating rupee trade with Russia. Canara Bank on 20.01.2023 has entered into a share sale agreement in relation to sale of equity shares held by it in Moscow-based CIBL with SBI, the bank said in a regulatory filing. State Bank of India and Bank of Baroda informed refiners they will not handle payments for oil bought above the limit.
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — operating · Imported from KSE LeaveRussia
Exposure profile
Full exposure profile is a Professional feature
Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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