Vladivostok [Russia], September 2: During the Eastern Economic Forum 2026 (EEF-2026), Alexander Vedyakhin, First Deputy Chairman of the Management Board of Sberbank, announced that the bank has acquired two Summit Towers business centers in New Delhi. The acquisition marks a significant milestone in expanding the infrastructural presence of Sber and Russian businesses in India.
The acquisition of these properties in the Indian capital will establish a new platform for long-term partnership. Sber continues to strengthen its presence in the country, and this investment is part of that long-term strategy.
Alexander Vedyakhin, First Deputy Chairman of the Management Board of Sberbank:
“We are continuing to grow our presence in India, including in the real estate sector. Not long ago, we acquired two business centers (Summit Towers) in New Delhi. The two large towers in central Delhi, situated next to the World Trade Center, are expected to be completed by 2028. Here, we will create a center for Russian-Indian cooperation – providing a new infrastructural foundation for the presence of Russian businesses in India. We invite Russian companies to become partners and join us.”
Earlier, the executive emphasized Sber’s plans to actively continue developing payment instruments and deploying AI solutions in India in 2027, further reinforcing its status as the primary provider of bilateral payments between the two countries.
Alexander Vedyakhin, First Deputy Chairman of the Management Board of Sberbank:
“Over the past year, we have witnessed significant improvements both in banking services and in new areas of business. More than 90% of payments from Russia to India are now processed in less than 10 minutes (compared with 60% a year ago), while more than one-third of payments are completed within 60 seconds. In practical terms, if you make a transaction while on a call with an Indian colleague, the payment can be debited from the Russian company and credited to the Indian partner during that same conversation. Payments between the two countries are processed very quickly, clearly, efficiently, and with a low commission. This is another strong bridge supporting the continued development of our relations.”
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