Vladivostok [Russia], September 2: At 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 represents an important milestone in expanding the infrastructural presence of Sber and Russian businesses in India.
The purchase of these properties in the Indian capital will create a new base for long-term cooperation. Sber continues to increase its presence in the country, and this investment forms part of that broader strategy.
Alexander Vedyakhin, First Deputy Chairman of the Management Board of Sberbank:
“We are continuing to expand our presence in India, including in real estate. Recently, we acquired two business centers (Summit Towers) in New Delhi. The two large towers in central Delhi, located next to the World Trade Center, are expected to be completed by 2028. Here, we will create a center for Russian-Indian cooperation – establishing a new infrastructural base 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 continue actively developing payment instruments and implementing AI solutions in India in 2027, further strengthening 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 seen substantial improvements both in banking services and in new business areas. More than 90% of payments from Russia to India are now processed in under 10 minutes (compared with 60% a year ago), while more than one-third of payments are completed within 60 seconds. In effect, if you make a transaction while speaking with an Indian colleague on a call, 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 provides yet another strong bridge for the continued development of our relations.”
