We are delighted to welcome State Bank of India (SBI) UK to the Insignis Cash Solutions platform.
State Bank of India (SBI) UK is the latest institution to join our panel of 40 Banks and Building Societies.
Varsha Bhat , Executive Director & Deputy CEO, of State Bank of India (UK) Limited (SBI UK) said, “We look forward to working with Insignis Cash Solutions to expand our reach to the UK savers. State Bank of India (SBI) is one of the leading banks in the world and a Fortune 500 company. With a 200-year heritage, it is the largest commercial bank in India. SBI has been active in the UK since 1921 and has grown to become the largest Indian bank in the UK. State Bank of India (UK) Limited (SBI UK), the bank’s retail-focussed subsidiary, created in 2018 by carving out the Bank’s retail business, has a rich history of offering award-winning and market-leading savings products. We are pleased to be partnering with Insignis Cash Solutions to work on various savings product propositions, as they can help us to reach an even wider audience.”
Paul Richards , Chairman of Insignis Cash Solutions, said: “SBI UK is a great addition to our banking panel. Another Bank to provide additional FSCS protection to our Clients. Its experience and wide range of products provide our Clients with new options to further diversify and protect their funds. We are committed to building a long and valuable relationship with SBI UK and passing on the benefits to our Clients.”
Whether you need to save for short- or long-term goals, SBI UK has you covered with products ranging from Easy Access to 5 Year bonds.
Important Information
State Bank of India (UK) Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 757156). SBI (UK) Ltd is registered in England and Wales (Registered no: 10436460), with a registered office at 15-17 King Street, London EC2V 8EA. Your eligible deposits with State Bank of India (UK) Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit protection scheme. For further information, please visit www.fscs.org.uk.
Nothing in this press release constitutes an invitation to engage in investment activity nor is it advice or a recommendation and professional advice should be taken before any course of action is pursued.