Current Affairs - National - Discussion

The State Bank of India (SBI) inaugurated two new Global Trade Finance Centres in the cities of Kolkata and Hyderabad to strengthen its role in international trade facilitation. These centres aim to modernise the import-export process by implementing advanced technologies like artificial intelligence, machine learning, blockchain, and document digitization. With over 800 trained professionals, the centres are set to provide faster, more secure, and efficient services for businesses. This move aligns with SBI’s broader vision of digital transformation in global trade and enhances India's position in the international market by streamlining trade processes and reducing dependence on traditional paper-based methods.