05 December 2025, 08:15 The South Asian country will be one of the top global markets for the next 20 years, Sberbank chief Herman Gref has said
Russia’s largest lender, Sberbank, plans to triple its resources in India and sees the country as a top market for the next two decades, its chairman has said.
Herman Gref, who is in India along with the business delegation accompanying Russian President Vladimir Putin, said Sberbank aims to tap Indian resources in a significant way.
“It’s our plan for the next five years. Maybe triple our resources here in India, in Bangalore and Hyderabad,” Gref told RT in an interview.
Sberbank has more than 3.5 million Russian companies as clients and needs a huge number of employees. “The deficit on our market is 3.5 million people,” Gref added.
The bank chief said Sberbank is moving away from being a traditional banking company toward being a technology firm in the mold of Amazon, Google, or Apple.
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