Oman Operations

Our Oman Operations (SBI, Muscat) were set up in 2004 with a Full Commercial Banking license, equipping us with over twenty years of experience in commercial and retail banking. We have been actively involved over the years in a number of projects in Infrastructure Development in the Sultanate of Oman. We provide Project Finance for Greenfield / Brownfield Expansion projects through bilateral Term Finance and participation in Syndicated deals. Financing the working capital requirements of SME and Large Commercial Enterprises is a major activity of our domestic operations. We extend the required line of credit either exclusively or under multiple banking arrangements. Our Trade Finance products and services are well suited to meet the needs of Industry. Corporates / Business houses in Oman can capitalize on our strong India linkages to promote their business interests in Oman and India..

Our Retail offerings include Savings Accounts, Current Accounts and Term Deposits backed by 24×7 ATM and Internet Banking alternate delivery channels. YONO OMAN, the mobile banking platform was launched on 27.02.2025 and providing comprehensive hassle-free service to the users. Our instant transfer facility for INR remittances is highly popular. This facility enables money transfers to more than 22,500 Branches of the State Bank group in India. We also connect to offer remittance facility to more than 1,42,000 RTGS/NEFT enabled branches of other banks in India. All our products / services are offered at attractive terms with personalized service.