Sber Acquires Two Business Centers in New Delhi to Expand Russian Business Presence in India

Vladivostok [Russia], September 2: During the Eastern Economic Forum 2026 (EEF-2026), Alexander Vedyakhin, First Deputy Chairman of the Management Board of Sberbank, announced that the bank has purchased two Summit Towers business centers in New Delhi. The acquisition marks an important step in expanding the infrastructural presence of Sber and Russian businesses in India.

The purchase of these properties in the Indian capital will create a new foundation for long-term cooperation. Sber continues to expand its presence in the country, and this investment is part of that ongoing strategy.

Alexander Vedyakhin, First Deputy Chairman of the Management Board of Sberbank:

“We are continuing to strengthen our presence in India, including in the real estate sector. Recently, we acquired two business centers (Summit Towers) in New Delhi. The two large towers in central Delhi, located next to the World Trade Center, are set to be completed by 2028. Here, we plan to create a center for Russian-Indian cooperation – providing a new infrastructural base for Russian business presence in India. We invite Russian companies to become partners and join us.”

Earlier, the executive reiterated Sber’s intention to actively continue developing payment instruments and introducing AI solutions in India in 2027, further reinforcing its position as the primary provider of bilateral payments between the two countries.

Alexander Vedyakhin, First Deputy Chairman of the Management Board of Sberbank:

“Over the past year, we have seen major improvements both in banking services and in new areas of business. More than 90% of payments from Russia to India are now processed in less than 10 minutes (compared with 60% a year ago), and more than one-third of payments are completed within 60 seconds. In practical terms, if you make a transaction while on a call with an Indian colleague, the payment can be debited from the Russian company and credited to the Indian partner during that same conversation. Payments between the countries are processed very quickly, clearly, efficiently, and at a low commission. This is yet another strong bridge supporting the continued development of our relations.”