Русский
Sberbank Insurance has obtained accreditation in India, according to its CEO Mikhail Volkov. He said that “As a universal insurance company, Sberbank Insurance seeks business development opportunities wherever possible. There are needs that stakeholders expect us to fulfill, such as products required for international trade operations. This isn’t a quick process. It involves complex, specialized types of insurance. Sberbank has reached sufficient maturity to meet the criteria demanded by both government and businesses in this sphere.”
He added, “We recently received accreditation in India. This represents a promising direction given the high volume of trade with Russia. Sberbank Group holds a competitive advantage—its own Indian banking subsidiary. This provides a strong operational foothold, making us probably the only insurer currently with resolved payment settlement capabilities in India.”
In 2024, bilateral trade between Russia and India reached a record high of about US$68 billion, with plans to reach US$100 billion by 2030.
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