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Recognition for SBI UK at Business Moneyfacts Awards

SBI has been operating in the UK since 1921

Recognition for SBI UK at Business Moneyfacts Awards

State Bank of India (UK) Ltd has been chosen as Highly Commended Best Business Fixed Account Provider at Business Moneyfacts Awards 2023 at a glittering ceremony held at Evolution London on 20 April.

Counted as the most prominent business finance awards in the UK, Business Moneyfacts awards celebrate the best brands in the business finance and commercial finance sectors.


Moneyfacts Group plc is the UK’s leading retail financial product data provider and has been pioneering financial comparison technology for over 35 years.

“We are happy to receive the recognition which coincides with the UK subsidiary State Bank of India (UK) Limited completing five years of operations in the UK,” commented Varsha Bhat, SBI UK’s executive director and deputy chief executive.

State Bank of India has been operating in the UK since 1921, and in April 2018, the bank formed the UK subsidiary for retail business State Bank of India (UK) Limited, which has 11 branches across the UK.

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Black Friday sales

Consumer confidence climbed slightly in October, with more shoppers planning big purchases ahead of Black Friday.

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UK shoppers feel more confident ahead of Black Friday sales

Highlights

  • Consumer confidence rose two points to -17 in October.
  • More people planning big purchases, up nine points from last year.
  • UK shoppers have €30,486 spending power per person, sixth highest in Europe.

Shoppers turn hopeful

Britons are feeling more positive about spending money as Black Friday approaches, new figures show, though many are nervous about what the upcoming budget might bring.

Consumer confidence climbed slightly in October, according to the GfK Consumer Confidence Barometer. The biggest change was in people’s willingness to buy expensive items like TVs, furniture and kitchen appliances.

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