Kolkata, Nov. 15 -- PSU lender State Bank of India's chairman C S Setty, who today visited Global Trade Finance Centre in the city, said that the establishment of GTFC for centralization of processing of Trade Finance and International Banking transactions is aimed at enabling faster turnaround, stronger compliance and significant improved customer experience.

GTFC, Kolkata, caters to SBI branches in the entire Eastern and Northern part of India. With the strength of 300 plus skilledprofessionals at Kolkata centre, SBI is reinforcing its Trade Finance operations through digitization, process standardization withuniformity across the branches.

Transition of Trade Finance from paper based to digital processes using AI/ML, Blockchain and doc...