Sber to Offer Online Banking Services to Indian Entrepreneurs
The bank has launched a new suite of digital financial products, including factoring, for small and medium-sized businesses in India.
Indian small and medium-sized businesses will gain access to Sber’s online financial products, the bank said in a statement. Factoring services will allow companies to access working capital financing for contracts with payment deferrals of up to 180 days through a fully digital process. According to Sber, this provides quick access to funds without additional approvals and complies fully with Indian regulations.
Joint Developments
According to Igor Lysenko, head of trade finance and factoring at Sberbank, India is expected to become one of the world’s three largest economies by 2030. The flexible financing tool will allow businesses to secure stable working capital without collateral or lengthy approval procedures. Funds will be provided in rupees.
In March 2026, Russian IT companies showcased smart city technologies at an international exhibition in India. The first agreements on deployment and joint product development have already been signed.
