According to the Sber press service, Sber gave its corporate customers the opportunity to open deposits in Indian rupees.
The maximum rate on irrevocable deposits in rupee will be 5.11% per annum when funds equivalent to USD 60 million are deposited for 1 year.
“Many of our corporate customers are increasingly turning to alternative currencies of friendly countries, so we are actively developing the corresponding product line,” said Anatoly Popov, Deputy Chairman of the Board of Directors of Sberbank.
According to him, Indian rupee is one of the most stable currencies.
“India is the fifth largest economy in the world and is growing faster than other major economies. We expect demand for deposits in rupees, which will allow our customers to earn additional income,” Popov said.
Popov added that Sber’s corporate clients also have access to foreign exchange risk management products for the rupee-ruble currency pair, thanks to which it is possible to fix the rate of buying and selling foreign currency and reduce the volatility of financial results.
happened before knownHe said Sber is working with the Federal Tax Service to simplify business registration and remote account opening technology.