State Bank of India ("SBI"​), is the largest shareholder of the Bank SBI Indonesia, and it is the Indian's largest financial Banking corporate, headquartered in Mumbai, India.

The origins of State Bank of India is dated back to 1806, when the Bank of Calcutta (later called Bank of Bengal) was established.  In 1921, the Bank of Bengal and two other Banks (Bank of Madras and Bank of Bombay) were merged to form the Imperial Bank of India.  In 1955, the Reserve Bank of India acquires control of the Imperial Bank of India and then SBI were formed under the laws of Parliament to replace the Imperial Bank of India.

SBI has extensive administrative structure, supervising large network of branches in India and abroad. The Corporate Centre which is located in Mumbai, India, SBI has 14 Local Head Offices, 57 Zonal Offices, and 191 foreign offices in 36 countries around the world.

Bank SBI Indonesia is initially recognized after the State Bank of India (SBI), one of the largest Bank in India, acquired 76% of shares from PT.  Bank IndoMonex on 14 December 2006, hereinafter and took over the management control in June 2007 and operated in Indonesia as a subsidiary Bank of SBI. In June 2009, Bank SBI Indonesia obtained the status as a foreign exchange Bank, which has the right to conduct business in foreign exchange transactions. Then, in 2009,the Bank name changed to Bank SBI Indonesia to reflect the new ownership of the SBI. 

On August 2013, SBI acquired another 23% of shares from PT. Ravindo Jaya, thus adding the ownership of its shares to 99%. In order for the Bank to be the “BUKU 2” Category, shareholders of Bank SBI Indonesia have added the capital in 3 Tranches, where the Tranch 3 were deposited on November 2015.

At present, Bank SBI Indonesia has 6 (six) branches and 6 (six) sub-branches spread over 4 (four) major cities in Indonesia namely, Jakarta, Bandung, Surabaya and Medan.  Bank SBI Indonesia has (1) cash point, located one at Embassy of India in Jakarta.



Banking

Bank SBI Indonesia

Bank SBI Indonesia's headquarters in Jakarta, Indonesia

This department is responsible for assisting customers with their banking needs and inquiries.

Customer Service

The Operations Support team at Bank SBI Indonesia plays a vital role in ensuring smooth and efficient banking operations across various functions. This team is responsible for managing IT infrastructure, maintaining fixed assets, overseeing cybersecurity measures, handling trade finance processes, and ensuring compliance with internal audits. Additionally, they provide customer support, manage documentation, and facilitate effective communication within the bank, all while supporting the overall strategic goals of the organization.

Operations Support

The Finance and Compliance team at Bank SBI Indonesia is responsible for ensuring the organization's financial integrity and regulatory adherence. This team manages financial reporting, oversees treasury operations, and ensures compliance with local regulations, including anti-money laundering (AML) and counter-terrorist financing (CFT) measures. Additionally, they facilitate strategic financial planning and maintain relationships with financial institutions, all while supporting the bank's overall financial health and regulatory obligations.

Finance and Compliance

The Credit and Relationship Management team at Bank SBI Indonesia is responsible for managing and nurturing relationships with corporate clients, focusing on credit evaluation and syndication processes. They assess creditworthiness, structure loan products, and facilitate financial transactions, ensuring clients receive tailored banking solutions that align with their business needs. The team plays a crucial role in expanding the bank's footprint in the corporate sector while maintaining diligent risk management practices.

Credit and Relationship Management

This department oversees the operations and performance of branch locations, ensuring effective management and support.

Branch Management

The Audit and Compliance team at Bank SBI Indonesia is responsible for ensuring adherence to regulatory standards and internal policies, safeguarding operational integrity. This team conducts comprehensive audits of financial practices, assesses risks, and evaluates compliance-related activities to identify areas for improvement, thereby promoting transparency and accountability throughout the organization. Their efforts help maintain the bank's reputation and compliance with both Indonesian regulations and the broader standards set by SBI.

Audit and Compliance

The Human Resources and Talent Management team at Bank SBI Indonesia is responsible for attracting, developing, and retaining top talent to support the bank’s growth and operational excellence. This team ensures efficient recruitment processes, implements employee development programs, and fosters a positive workplace culture aligned with the bank's objectives. Additionally, they provide strategic HR support to management and ensure compliance with local labor laws.

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Other teams

Operations Support

Finance and Compliance

Credit and Relationship Management

Branch Management

Audit and Compliance

Human Resources and Talent Management

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People (2)

Jobs (0)

Other teams

Operations Support

Finance and Compliance

Credit and Relationship Management

Branch Management

Audit and Compliance

Human Resources and Talent Management

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