As announced by Sber’s press service, the bank has expanded its offerings for corporate clients to include deposits denominated in Indian rupees. This initiative marks a strategic step for Sber as it broadens access to non-traditional currencies, enabling businesses to diversify their liquidity and financing options beyond the home currency. The new rupee-denominated deposit product is designed to appeal to multinational corporations and Russian enterprises with active operations in India or with exposure to Indian markets, reflecting the increased financial integration between the two economies.
The maximum yield on irrevocable deposits in rupees is set at 5.11 percent per year for deposits equivalent to USD 60 million held for a one-year term. This tiered structure aligns with Sber’s approach to balancing risk and return for large corporate customers who seek predictable income streams while managing currency exposure. The rate information underscores the bank’s commitment to offering competitive incentives to attract sizable rupee deposits from its enterprise clients and strategic partners across regions.
According to Anatoly Popov, Deputy Chairman of the Board of Directors at Sberbank, a growing number of corporate clients are exploring alternative currencies from friendly nations. In response, Sber has actively developed a structured product line that accommodates these preferences, providing a broader toolkit for treasury teams tasked with optimizing funding sources and hedging strategies. The emphasis on rupee deposits reflects a view that India’s currency can play a meaningful role in corporate cash management for clients with cross-border footprints in Asia and beyond.
Popov notes that the Indian rupee is considered among the relatively stable emerging market currencies. He points to India’s position as a major global economy with rapid growth, suggesting that demand for rupee deposits could rise as firms seek to diversify currency risk and lock in favorable funding terms. With regulatory and economic dynamics in India continuing to evolve, the availability of rupee-denominated products could provide enterprises with additional opportunities to earn incremental income, while contributing to more balanced funding portfolios.
Beyond deposits, Sber’s corporate clients can access foreign exchange risk management offerings tied to the rupee-ruble currency pair. These tools allow treasury teams to fix exchange rates for buying and selling currencies and to temper fluctuations in reported financial results. By enabling more predictable earnings and cash flows, such hedging capabilities can be a valuable complement to rupee deposit solutions for organizations managing complex, multi-currency operations across continents.
In related developments, Sber has been pursuing greater digital efficiency in its corporate services, including streamlined processes for business registration and remote account opening. Collaboration with federal authorities and tax authorities aims to simplify regulatory compliance and accelerate onboarding for new clients. This is part of a broader push to modernize financial services infrastructure, reduce friction for corporate customers, and support rapid, compliant growth in international markets.