Trade advisory and forex
services

At SBM Bank India, we recognize the critical need for security in international trade finance. That’s why we offer a comprehensive suite of services designed to meet your trade finance requirements while ensuring seamless and secure cross-border transactions. With our expertise in trade finance in banking, we empower businesses to navigate global markets confidently and efficiently.

The Bank shall undertake appropriate due diligence checks in accordance with the approved Standard Operating Procedures (SOPs) and satisfy itself that the documents submitted are compliant with the applicable regulatory requirements, directives, and provisions of this Policy.

Each transaction shall be independently reviewed by a minimum of two authorized Bank officials to ensure adequate due diligence and adherence to regulatory and internal policy requirements.

Any exception, deviation, or departure from the prescribed requirements shall be subject to the Bank's internal approval and authorization matrix, as approved by the Management Committee of the Bank and amended from time to time. Such deviations shall be appropriately documented, justified, and approved by the designated authority levels in accordance with the approved delegation framework.

Subject to the submission of complete and satisfactory documentation and receipt of all information required by the Bank to undertake the necessary due diligence before the prescribed cut-off time, the transaction shall be processed on the same business day.

Processing of the transaction shall be subject to compliance with applicable FEMA regulations, RBI directions, sanctions screening requirements, and other prevailing regulatory and internal policy requirements.

The applicable cut-off timings for various transaction types may differ from time to time. Customers may contact the respective branch of SBM Bank (India) Ltd. for details of the prevailing cut-off timings.

Information relating to exchange rates, charges, documentation requirements and other applicable terms and conditions for cross-border foreign exchange transactions and services of member banks is available on the website of the Foreign Exchange Dealers’ Association of India (FEDAI). Customers may access the relevant information through the Member Banks Information Hub