Buy-to-let mortgages

Looking for an opportunity to invest in the property market
or refinance a buy-to-let mortgage?

Talk to us, we can help

Whether you’re looking to invest in property or rent a place out, we have a range of competitive Buy-to-Let mortgages to help you reach your goals.

At a glance:

Borrow between £35,000 and £3,000,000
Purchase a new property or remortgage an existing Buy-to-Let property
Mortgage terms between 5 and 25 years
Borrow up to 75% of the property value
Choose from Fixed or Variable interest rates and the borrowing term offered for our Buy-to-Let mortgages. To know more please visit your nearest branch
Products available for Limited Companies and SPV’s
Products available for HMO’s
Products available for Ex-Pats

Your Buy-To-Let Property may be repossessed and/or a receiver of rent appointed if you do not keep up payments on your mortgage

Buy to Let Mortgage Interest Rates

Download PDF

(as of 12/02/2019, rates may be withdrawn at any time)

Standard - 5 Year Fixed Rate (fixed for 5 years from completion) £0 Fee (No SPV/LLP)
Up to 60% LTV	Up to 75% LTV	Then SVR (Variable)	Arrangement Fee	Booking Fee	Early Repayment Charge 4% (Years 1 & 2) 3% (Years 3 & 4) 2% (Year 5)
2.65%	3.15%	4.74%	£0	£0

Standard - 3 Year Fixed Rate (fixed for 3 years from completion) £0 Fee (Refund of Valuation and £300 cashback for Remortgages)
Up to 60% LTV	Up to 75% LTV	Then SVR (Variable)	Arrangement Fee	Booking Fee	Early Repayment Charge 3% (Year 1) 2% (Year 2) 1% (Year 3)
2.65%	2.84%	4.74%	£0	£0

Standard - 3 Year Tracker Rate (for 3 years from completion) £0 Fee (Refund of Valuation and £300 cashback for Remortgages)
Up to 60% LTV	Up to 75% LTV	Then SVR (Variable)	Arrangement Fee	Booking Fee	Early Repayment Charge 2% in years one & two
2.84% (BBR+2.09%)	3.04% (BBR+2.29%)	4.74%	£0	£0	Early Repayment Charge 2% in years one & two

Standard - 5 Year Tracker Rate (for 5 years from completion) £0 Fee (Refund of Valuation and £300 cashback for Remortgages)
Up to 60% LTV	Up to 75% LTV	Then SVR (Variable)	Arrangement Fee	Booking Fee	Early Repayment Charge 2% in years one & two
2.94% (BBR+2.19%)	3.14% (BBR+2.39%)	4.74%	£0	£0	Early Repayment Charge 2% in years one & two

Specialist - 5 Year Fixed Rate (for 5 years from completion) 1.25% Fee (Ltd Co, SPV, LLP, Ex-Pats, HMO and all borrowing over £1m)
Up to 60% LTV	Up to 75% LTV	Then SVR (Variable)	Arrangement Fee	Booking Fee	Early Repayment Charge 4% (Years 1 & 2) 3% (Years 3 & 4) 2% (Year 5)
3.19%	3.39%	4.74%	1.25%	£0

Specialist - 3 Year Fixed Rate (for 3 years from completion) 1.25% Fee (Ltd Co, SPV, LLP, Ex-Pats, HMO and all borrowing over £1m)
Up to 60% LTV	Up to 75% LTV	Then SVR (Variable)	Arrangement Fee	Booking Fee	Early Repayment Charge 3% (Year 1) 2% (Year 2) 1% (Year 3)
3.09%	3.29%	4.74%	1.25%	£0

Specialist - 2 Year Fixed Rate (for 2 years from completion) 1.25% Fee (Ltd Co, SPV, LLP, Ex-Pats, HMO and all borrowing over £1m)
Up to 60% LTV	Up to 75% LTV	Then SVR (Variable)	Arrangement Fee	Booking Fee	Early Repayment Charge 3% (Year 1) 2% (Year 2)
2.69%	3.19%	4.74%	1.25%	£0	Early Repayment Charge 3% (Year 1) 2% (Year 2)

Specialist - 5 Year Tracker Rate (for 5 years from completion) 1.25% Fee (Ltd Co, SPV, LLP, Ex-Pats, HMO and all borrowing over £1m)
Up to 60% LTV	Up to 75% LTV	Then SVR (Variable)	Arrangement Fee	Booking Fee	Early Repayment Charge 2% in years one & two
3.19% (BBR+2.44%)	3.49% (BBR+2.74%)	4.74%	1.25%	£0	Early Repayment Charge 2% in years one & two

Specialist - 3 Year Tracker Rate (for 3 years from completion) 1.25% Fee (Ltd Co, SPV, LLP, Ex-Pats, HMO and all borrowing over £1m)
Up to 60% LTV	Up to 75% LTV	Then SVR (Variable)	Arrangement Fee	Booking Fee	Early Repayment Charge 2% in years one & two
3.09% (BBR+2.34%)	3.39% (BBR+2.64%)	4.74%	1.25%	£0	Early Repayment Charge 2% in years one & two

The following will apply to all mortgage products:

All products will transfer to SBI's Standard Variable Rate (SVR) at the end of the product's incentive period: 4.74%

Early Repayment Charges

Product	Year 1	Year 2	Year 3	Year 4	Year 5
3 Year Fixed	3%	2%	1%	0%	0%
5 Year Fixed	4%	4%	3%	3%	2%
3 Year Tracker	2%	2%	0%	0%	0%
5 Year Tracker	2%	2%	0%	0%	0%

General Criteria

Criteria	Notes
Applicant Age	21 At time of application. At least one borrower must be under 65 at time of application
Number of Applicants	Up to 4 applicants
Term	5 to 25 Years
Repayment Method	Interest Only, Capital Repayment, Part & Part
Location	England and Wales
Portfolio Landlords	Accepted - Please refer to SBI's Buy to Let lending policy for full details of requirements
Transaction Type	Purchase or Remortgage
Property Type	House or Flat

Standard Criteria

Criteria	Notes
Loan Size	£35,000 - £1,000,000 (subject to LTV restrictions, see below)
Maximum LTV	75%: Up to £500,000
Maximum LTV	60%: Up to £1,000,000
Rental Calculation	5 Year Fixed Rate - 145% of monthly interest payments at product pay rate 5 Year Fixed Rate (Lower Rate Taxpayer) - 125% of monthly interest payments at product pay rate Other Products - 145% of monthly interest payments at Product Rate + 2% or 5.50% (whichever is higher) Other Products (Lower Rate Taxpayer)- 125% of monthly interest payments at Product Rate + 2% or 5.50% (whichever is higher) Remortgage 5 Year Fixed Rate - 145% of monthly interest payments at product pay rate Remortgage 5 Year Fixed Rate (Lower Rate Taxpayer) - 125% of monthly interest payments at product pay rate Remortgage Other Products - 145% of monthly interest payments at Product Rate + 2% or 5.50% (whichever is higher) Remortgage Other Products (Lower Rate Taxpayer)- 125% of monthly interest payments at Product Rate + 2% or 5.50% (whichever is higher)

Specialist Criteria

Criteria	Notes
Loan Size	£35,000 - £3,000,000 (subject to LTV restrictions, see below)
Maximum LTV	75%: Up to £500,000
	70%: Between £500,001 and £1,000,000
	60%: Between £1,000,001 and £1,500,000
	50%: Between £1,500,001 and £3,000,000
Rental Calculation	5 Year Fixed Rate - 125% of monthly interest payments at product pay rate 5 Year Fixed Rate (Lower Rate Taxpayer) - 125% of monthly interest paymentsat product pay rate Other Products - 125% of monthly interest payments at Product Rate + 2% or 5.50% (whichever is higher) Other Products (Lower Rate Taxpayer) - 125% of monthly interest payments at Product Rate + 2% or 5.50% (whichever is higher) Remortgage 5 Year Fixed Rate - 125% of monthly interest payments at product pay rate Remortgage 5 Year Fixed Rate (Lower Rate Taxpayer) - 125% of monthly interest payments at product pay rate Remortgage Other Products - 125% of monthly interest payments at Product Rate + 2% or 5.50% (whichever is higher) Remortgage Other Products (Lower Rate Taxpayer)- 125% of monthly interest payments at Product Rate + 2% or 5.50% (whichever is higher)
Large Loans	Maximum LTV - 60% (subject to LTV restrictions, see above) Income - The principal applicant must have a minimum earned income level of £50,000 (this cannot include income from rental property unless they are a professional landlord and income is evidenced from a large portfolio of properties and demonstrated in trading accounts) Large Loans may be subject to additional underwriting requirements, please contact your SBI BDM for full information
Ex-Pats	Maximum Loan Size - £1,500,000 In addition the following requirements must be met, please refer to your SBI BDM for full information - British Passport holder with British Citizenship as nationality - For employed applicants, confirmed employment with a company registered in their location - If Self-Employed, confirmation that they are registered in their location - Valid UK bank account - Minimum income of £40,000 per annum (£100,000 Self-Employed) - Own at least one another current property (residential or investment) in the UK - No adverse credit - Must work at a low or medium risk country as per the SBI AML matrix (available from SBI intermediary website) - A locally generated credit reference check should be provided - The property will be let to tenants and will not now or in the future be used as their residential address - That they have appointed a UK letting agent to manage the property in their absence or someone locally is managing the same.

HMO Criteria

Criteria	Notes
Applicant Experience	They must have been a BTL landlord for at least 3 continuous years preceding the application date to SBIUK ; and They must have either owned an HMO (as per our definition) for at least 1 continuous year preceding the application date to SBI or provide confirmation that the subject property will be managed by a professional agent.
Loan Size	£35,000 - £3,000,000 (Subject to LTV restrictions, see below)
Maximum LTV	70%: Between £100,000 and £500,000
	65%: Between £500,001 and £1,000,000
	60%: Between £1,000,001 and £1,250,000
	50%: Between £1,250,001 and £3,000,000
Transaction Type	Remortgage of an existing HMO or purchase of a HMO in a completed state ready to be let to tenants
Property Requirements	Maximum of 6 lettable bedrooms; Maximum of 6 tenants; Maximum of 3 storeys; No more than 1 kitchen (Unless required by HMO Licensing conditions); Properties with Bedsits cannot be considered
Rental Calculation	Individual - 5 Year Fixed+ 150% of monthly interest 5.00% Individual - All other rates 150% of monthly interest Product Rate + 2.00% OR 5.50% (whichever is higher) SPV Ltd/LLP – 5 Year Fixed+ 130% of monthly interest 5.00% SPV Ltd/LLP - All other rates 130% of monthly interest Product Rate + 2.00% OR 5.50% (whichever is higher)

Your Buy-To-Let Property may be repossessed and/or a receiver of rent appointed if you do not keep up payments on your mortgage

Portfolio BTL – Supplementary Information Form

Portfolio BTL - Assets & Liability Statement

Portfolio BTL – Schedule of Existing Properties

BTL Mortgage Terms and Conditions

Tariff of Fees and Charges

Buy to Let Product Guide

Certification of Documentation Form

You must be over 21 to apply for a Buy to Let mortgage.

To know more please call or visit your nearest branch

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Today's exchange rate close

GBP/INR Rate:

21/10/2019

Amount	Rate	Net Banking/ Mobile App Rate
£0 - £250.99	84.90	85.00
£251 - £500.99	85.90	86.00
£501 - £5,000.99	86.80	86.90
£5,001 - £25,000.00	86.90	87.00
Above £25,000	Please visit the branch for request more than £25,000

Indicative Foreign Exchange Rates (up to GBP25,000.00 or equivalent in other currencies) for today:

EUR/INR: 78.30
USD/INR: 70.40

INDICATIVE BID/OFFER RATE

	BID RATE	OFFER RATE
GBP/USD	1.2600	1.3100
GBP/EUR	1.1300	1.1800
EUR/USD	1.0875	1.1375

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Procurement news

Procurement news close

State Bank of India UK are inviting offers for a Project Management role, in connection to the Fit Out and Renovation works for a new Retail Branch at Beaufort Park, Colindale, NW9.

The details/indicative scope of work to be carried out is as below:

The area of the new unit is spread over ground floor and is approximately 2,000 sq ft
The new unit will be newly fitted out and renovated to include Safe deposit room for 500 to 1,000 lockers.
The initial number of officials who will work in the proposed new unit will be between 5 to 10.
The works are to be completed before 30 April 2020
The design and template of the new branch will be based on the existing branches
Payments will be stage payments as follows:
1. 25% on instruction;
2. 25% at start on site;
3. 25% at the midpoint of the construction works; and
4. the balance at Practical Completion;
subject to a 10% retention payable at the expiry of the Defects Rectification Period under the building contract.

The key criteria and requirements expected from the selected Project Manager are:

Provide a full service from inception (understanding, developing and defining the Brief) to completion (handing over the completed unit) within the programme
Close liaison with functionaries of the Bank
Check that applications for statutory consents are submitted in accordance with the programme. Check compliance with all relevant statutory requirements throughout the Project including, but not limited to, Health & Safety, Planning and Building Regulations.
Establish an Auditable project, for example, by taking and circulating minutes of all project meetings.

The deliverables of the Project Manager are:

Discuss and establish the Bank’s requirements relating to space, function, operation, quality, timing and budget
Develop a Project programme for the planning/concept, detail design development and construction phases of the Project, recording principal activities and critical dates including deadlines for sign-off of each phase, timing of statutory requirements, pre-tender, tender, pre-construction and post construction activities
Develop a pricing schedule and establish cost management procedures and reporting systems, including in respect of change management, Bank instructions and approvals
Identify items to be supplied by the Bank with appropriate lead in times
Undertake space audits and initiate meetings to gather all relevant information and details prior to preparation of a Scope of Works document including Specifications where necessary
Produce a General Arrangement drawing, sketches and CAD drawings for discussion with, review and approval by the Bank
Undertake site visits, and throughout the construction period ensure that site visits are conducted at least [once per week] and at such other times as circumstances reasonably require to ensure that work is undertaken in accordance with the agreed Scope of Works/Specifications and that it meets the Bank’s requirements
Attend meetings with the Bank at no extra cost and provide regular reports to the Bank on progress
Advise the Bank on appropriate tendering, contractual and insurance arrangements in connection with the Building Contract and any specialist sub-contracts (including Mechanical and Electrical sub-contracts) to be awarded for the construction of the works. Assist in the selection and vetting of contractors and specialist sub-contractors. Issue Pre-Qualification Questionnaire to each Contractor if necessary. Arrange financial checks on tenderers where requested.
Review above PQQ return
Prepare tender documents in accordance with the programme and tender the Scope of Works/Specifications to the selected Contractors
Co-ordinate the response to tender enquiries as they may arise
Assist the Bank in analysing tenders and check Contractor’s proposals for compliance with Tender documentation. Interview shortlisted Contractors
Issue a Full Tender Analysis Report including recommendation of Contractor and the preparation, issuance and appropriate form of JCT Building Contract (with any project specific amendments).
Prepare a Project risk register detailing as a minimum the severity of the risks and the time frame and method for closing them out. Monitor and update it on a regular basis and ensure that it is included in the progress reports
Negotiate the contract sum with the Contractor
Examine the Contractor's Proposals and report to the Bank as to their compliance with the Employer's Requirements. Subject to the Bank's instructions, negotiate amendments to the Contractor's Proposals to maintain compliance with the Employer's Requirements.
Take all reasonable measures to check that planning requirements are implemented and fully incorporated into the designs
Assist the Bank to appoint the most suitable Contractor. Before the award of the Building Contract, check that the Contractor has in place the insurances to be maintained by the Contractor under the terms of the Building Contract. Prepare and arrange for execution of the Building Contract.
Establish and maintain project management procedures and lines of communication for the exchange of information as between the respective consultants, contractors and sub-contractors and others concerned in the Project
Manage any change control procedure agreed for the Project and report on the same
Produce a Pack of information (including drawings and any Scope of Work/Specifications) for the Bank to issue to the Landlord for Landlords Approval
Check compliance with the requirements of the Construction (Design & Management) Regulations 2015
Ensure that quality of construction is maintained throughout and monitor the Contractor’s progress against the programme to keep the Project on time and ensure it is delivered in line with Bank’s expectations
Report any actual or potential delays and cost increases and advise as to measures to avoid or reduce them
Liaise with all relevant utility companies relating to services connections, sub-stations, existing services, services diversions and similar matters
Act as the Bank's Project Manager / Employer's Agent / Contract Administrator as appropriate
Review the Contractor’s applications for payment. Prepare and issue Valuations and make appropriate recommendations to the Bank for either payment or issue of a payless notice
Undertake a Measured Site Survey to check that the works have been constructed in accordance with the approved drawings
At Practical Completion see that all appropriate inspections, full commissioning of all services and operational tests are completed. Inspect the works and issue the Practical Completion Certificate, if appropriate
Arrange for handover of the premises after Practical Completion is certified
Arrange for operating and maintenance manuals, test certificates, the health and safety file, records and guarantees to be passed to the Bank together with ‘as built’ drawings
Manage all remedial works during the Defects Liability Period and ensure that all defects are remedied to the satisfaction of the Bank.
Issue Certificate of Making Good Defects at the end of Defects Liability Period and negotiate the settlement of the final account and certify the release of any retention to the Contractor in accordance with the Building Contract.

Please provide the details of insurance cover available to your firm for your professional liabilities, including professional indemnity insurance, appropriate to the Project. Also to provide case studies of previous works undertaken including CV and any appropriate certifications carried out.

In view of the Bank being incorporated in India, in addition to the code of ethics laid down by Royal Institute of Chartered Surveyors (RICS) and the guidelines of the Joint Contracts Tribunal Ltd. (JCT 2011) with which you are required to comply, you will also be required to comply with the guidelines laid down by the Central Vigilance Commission (CVC), Government of India.

Quotations: To be submitted in Sealed Envelopes marked 'Private and Confidential' Colindale Project Manager tender and to be sent to Chief Operating Officer, 3^rd Floor, State Bank of India, 15 King Street, London, EC2V 8EA.

Contact details: Chief Operating Officer, 3^rd Floor, State Bank of India, 15 King Street, London, EC2V 8EA. Tel: 0207 454 4431

Closing date: 12 noon on 9 November 2019

State Bank of India, UK is inviting quotations for the appointment of RICS qualified property agent/firm/practice/advisor to act on its behalf in connection with the forthcoming lease expiries on a) 15-17 King Street, London, EC2V 8EA and b) 5^th floor, Hasilwood House, 60 Bishopsgate, London, EC2N 4AW. The lease expiries are in December 2020.

Objectives:
The objectives of the projects are to restrict any rental increase on the lease expiries to nil increase or as minimal an increase as possible.

To advise on strategy and way forward with negotiations with the respective landlords and provide advice on existing lease, proposed new lease terms, service charges, reinstatement works, CAT A & CAT B works, Mechanical and Electrical surveys, dilapidation liabilities and 1954 Landlord & Tenant Act.

Fees:
Fixed fee element or incentivised savings element or both.

If the matter goes to Court/First Tier Tribunal then these fees to be mentioned.

Methodology Statements:

Detailed analysis of the lease terms and other relevant documentation in order to identify the provisions impacting on rental value.
Detailed inspection and measurement of the premises in accordance with the current edition of RICS Code of Measuring Practice (6th Edition).
Identification and analysis of relevant comparable evidence.
Reporting opinions of rental value and specific recommendations together with commentary on any valuation considerations that will be relevant to negotiations with the landlord’s agent.
Clear identification of the appropriate strategy and application to negotiations.
A focused project management to the entire process to ensure a quick and efficient determination of the new lease terms
The production and completion of final Heads of Terms for instructing the appointed legal team.

Bids: Quotations are to be submitted in Sealed Envelopes and to be sent to Chief Operating Officer, State Bank of India, 3^rd floor, 15 King Street, London, EC2V 8EA.

Contact details: State Bank of India, 3^rd floor, 15 King Street, London, EC2V 8EA. Tel: 0207 454 4431 Email: rajmohan.ramadass.sbiuk@statebank.com

Closing date: 12.00pm on 18 October 2019

State Bank of India, UK is inviting quotations for the appointment of an insurance broker to act on its behalf in connection with the forthcoming insurance renewal, pertaining to SBI UK Operations and subsidiary, which is due to expire in October 2019.

Objectives:
The objective of this project is to restrict any insurance premium increases at review and to make savings for the Bank without compromising on the cover provided by the policies.

Policies:
The tender is for Professional insurance policies as follows:

Professional:

Bankers Blanket Bond
Electronic and Computer Crime
Professional Indemnity
Directors and Officers
Pension Trustee Liability

Quotations: Fixed fee premiums for the above insurance policies

Bids: Tenders are to be submitted in Sealed Envelopes, marked 'Private and Confidential' mentioning 'Professional Insurance' and to be sent to Chief Operating Officer, State Bank of India, 3^rd floor, 15 King Street, London, EC2V 8EA.

Broker Requirements: All responding brokers should be FCA registered and carry a minimum of £20,000,000 Professional Indemnity insurance.

Insurers: All insurers approached should be of strong reputation and carry a minimum credit rating of A-

Contact details: Chief Operating Officer, State Bank of India, 3^rd floor, 15 King Street, London, EC2V 8EA. Tel: 0207 454 4431 Email: rajmohan.ramadass.sbiuk@statebank.com

Closing date: 12pm, Wednesday 16 October 2019

Tender for ASC Voice Recording System Annual Maintenance Contract

State Bank of India, UK is inviting service providers to apply for a tender process on an Annual Maintenance Contract with regard to ASC Voice Recording System at the following State Bank of India locations:

15, King St London
London, EC2V 8EA
Hasilwood House, 60 Bishopsgate
London EC2N
Hygeia House-Harrow UK.
66-68 College Rd
Harrow HA1 1BE

System Description

Centralised ASC Voice Recording System covering sites stated above, the agreement should cover an annual maintenance, 9 am to 6 pm Monday to Friday, with 4+4 Service Level, including hardware, software and licences as described below:

60x EVOIPneo active for Mitel MiVoice Business
1x Archive Manager Software License
1x POWERplay Pro
10x POWERplayWeb
HPE Server ProLiant DL360 Gen9 Base Server (Vohkus)
Xeon E5-2630V3
2.4GHz
16GB RAM
600GB HDD
Microsoft Windows 2012
Additional Network card
HPE StoreEasy 1450 – 16TB NAS Solution
USB Dongle for Virtual environments

Selection Process Schedule

	10-07	13-07	16-07
Applications by
Information From SBI
Vendor Verification
Decision Announcement

Bids: Quotations are to be submitted in Sealed Envelopes, marked 'Private and Confidential' mentioning 'Mitel Telephone Annual Maintenance Contract' and are to be sent to the Head of General Banking and Administration, 15 King St London London, EC2V 8EA. Please do not send quotations by email. All the bidders must be Mitel and ASC authorised partner.

Contact details: for further information on the mitel telephone system tender, please contact Ahmed Arikat, Systems Dept, Tel. 0207 454 4468, State Bank of India, 3^rd floor, 15 King Street, London, EC2V 8EA. Email: ahmed.arikat.sbiuk@statebank.com

Closing date for bids/quotations: 5pm on 16^th July, 2019

State Bank of India UK is inviting offers from a firm/consultant/project manager to undertake a Mechanical & Electric report on the plant and machinery infrastructure at our Head Office, 15 King Street, London, EC2V 8EA.

Objectives:

The objective of this project is to comment on the existing infrastructure by carrying out visual inspections and specialised tests, provide options for betterment of the existing plant & machinery and to provide 3 quotations for like for like replacement or up gradation of each of the equipment.

Premises:

The area of the premises is 19,904 square feet occupying 8 floors. Access will be provided upon prior appointment with an agreed time and schedule. Existing maintenance agreements can be provided upon request.

Reports to be furnished:

Condition survey
Life Cycle survey
Validation survey
Test survey
Dilapidations schedule
Compliance standard reports

Equipment:

The plant and machinery to be investigated are as follows:

Mechanical - Lifts, Boilers, Pumps, Expansion Vessel, Gas water heaters, Electric Water Heater, Fans, Heaters, HWS Cylinder, Calorifier, Sump Pump, Pressurisation Units, Door Heater/vents
Plumbing - Radiators, Hot Water systems, Cold water systems
Air Conditioning - Fan coil units (four pipe), Split system, DX Unit, Condensors, Chillers,
Ventilation - AHU, Supply Fan, Extract Fan, Smoke Dampers, Fire Dampers, CWS tanks, Showers

Professional Requirements: Please provide the details of insurance cover available to your firm for your professional liabilities, including professional indemnity insurance, appropriate to the Project.

Quotations: Fixed fee premium to include all costs for specialised services, costs for reports, visits to premises and any other services taken to provide the above mentioned reports.

Bids: Tenders are to be submitted in Sealed Envelopes marked ‘Private and Confidential’ mentioning ‘Mechanical & Electric report on the plant and machinery’ sent to Chief Operating Officer, 3rd Floor, State Bank of India, 15 King Street, London, EC2V 8EA.

Contact details: Chief Operating Officer, State Bank of India, 3rd Floor, State Bank of India, 15 King Street, London, EC2V 8EA. Tel: 0207 454 4431, Email: rajmohan.ramadass.sbiuk@statebank.com

Closing date: 12 noon on 10 July 2019

State Bank of India, UK is inviting tenders to bid to supply services for Daily Office evening cleaning /periodic cleaning services at our corporate office sites.

15-17 King Street, London, EC2V 8EA
5^th Floor Hasilwood House Bishopsgate EC2N 4AW
Residential Cleaning

The Particulars in the tender are as follows: -
15-17 King Street London EC2V 8EA sites consist of 7 floors.
7 Cleaners – Evening
1 Supervisor – Evening
Daily office evening cleaning – General office cleaning including toilets on each floors
Monthly periodic cleaning – Carpets/Blinds/Ceilings
Quarterly cleaning – Window cleaning
Hospitality Services X 2 Staff
5^th Floor Hasilwood House Bishopsgate EC2N 4AW
2 Cleaners- Evening
Daily office evening cleaning – General office cleaning
Monthly periodic cleaning – Carpets/Blinds/Ceilings
Quarterly cleaning – Windows cleaning Residential Cleaning
Residential Properties x 4 (North West London) – Weekly – 1 Staff
Bidders need to fill the contractor Appraisal questionnaire as well prior to the bid. The link can be opened here

Performance Review- There will be performance review for successful bidder first 3 months

Duration of Agreement - 8 Months, will be reviewed again on 1^st April 2020

On-going Adhoc Duties - There will be requirement for Adhoc services i: e. please note these Adhoc services will not be part of the main captioned agreement. It can be classified as additional on-going Adhoc services.

Toilets Cleaning x 1 Staff (2 hours Afternoon) for 7 floors- King Street London EC2V 8EA

Bids: Tenders and questionnaire are to be submitted along with case studies in sealed envelopes, marked 'Private and confidential' mentioning 'Daily Office evening cleaning /periodic cleaning services' to be sent to Chief Operating Officer SBI UK, State Bank of India, 3^rd floor, 15 King Street, London, EC2V 8EA.

TUPE system will be applied on main captioned agreement & Adhoc services where necessary.

Should you have any queries related this, please contact Jogi Seth
Contact details- 0207 367 1224, email: joginder.seth.sbiuk@statebank.com

Closing date for bids/quotations: 5.00pm on 24^th June 2019

State Bank of India UK, are inviting offers for acquisition of Commercial Office Premises and the details/specifications are as under:

Key Features:

Size: 20,000 to 30,000 square feet

Tenure: Leasehold

Property Type: Office Commercial premises

Rent: Rent on application. Rent is exclusive of rates, insurance and VAT (if applicable)

Premium: No premium will be paid by the Bank

Use Class: A2, Financial and Professional Services

Lease term: New lease of 10 years to 15 years with break clauses

Location: Bank, Bishopsgate, Moorgate and other areas within the Square Mile of City of London

Bids: Technical and Financial Bids are to be submitted in the prescribed formats in Sealed Envelopes marked 'Private and Confidential' with the envelope to be super scribed with 'New Office Premises' and to be sent to Chief Operating Officer, State Bank of India, 4^th floor, 15 King Street, London, EC2V 8EA.

Contact details: General Banking and Administration, State Bank of India, 3^rd floor, 15 King Street, London, EC2V 8EA. Tel: 0207 454 4431, Email: rajmohan.ramadass.sbiuk@statebank.com

Closing date: 12.00pm on 7 June 2019

State Bank of India, UK is inviting quotations for the appointment of an insurance broker to act on its behalf in connection with the forthcoming insurance renewals, pertaining to SBI UK Operations and subsidiary, which are due to expire on 25 August 2019.

Objectives:
The objective of this project is to restrict any insurance premium increases at review and to make savings for the Bank without compromising on the cover provided by the policies.

Policies:
The tender is for General insurance policies as follows:

General:

The Commercial Combined Policy
Computers
Loss Recovery
Terrorism
Business Travel / Personal Accident
Motor Fleet

Quotations: Fixed fee premiums for the above insurance policies

Bids: Tenders are to be submitted in Sealed Envelopes, marked 'Private and Confidential' mentioning 'General Insurance' and to be sent to Chief Operating Officer, State Bank of India, 3^rd floor, 15 King Street, London, EC2V 8EA.

Broker Requirements: All responding brokers should be FCA registered and carry a minimum of £20,000,000 Professional Indemnity insurance.

Insurers: All insurers approached should be of strong reputation and carry a minimum credit rating of A-

Contact details: Chief Operating Officer, State Bank of India, 3rd floor, 15 King Street, London, EC2V 8EA. Tel: 0207 454 4431, Email: rajmohan.ramadass.sbiuk@statebank.com

Closing date: 5pm on 26 July 2019

State Bank of India, UK is inviting tenders to bid for Physical Records management service provider for all our State Bank of India UK Branches, its subsidiaries or affiliates, or related companies

The Particulars in the tender are as follows:-
Please follow the link here to view the list of the services need to covered in the Service level Agreement

Bidders need to fill the contractor Appraisal questionnaire as well prior to the bid. The link can be opened here

Bids: Tenders and questionnaire are to be submitted in sealed envelopes, marked 'Private and confidential' mentioning 'Physical Records Management to be sent to Chief Operating Officer , State Bank of India, 3^rd floor, 15 King Street, London, EC2V 8EA.

Contact details: Chief Operating Officer, State Bank of India, 3^rd floor, 15 King Street, London, EC2V 8EA. Tel: 0207 367 1224, Email: Joginder.seth.sbiuk@statebank.com

Should you have any queries related this, please contact Jogi Seth Contact details- 0207 367 1224, email: Joginder.seth.sbiuk@statebank.com

Closing date for bids/quotations: 5:00pm on 31^st May 2019

Tender for Hardware Annual Maintenance Contract

State Bank of India, UK is inviting quotations for its Annual Maintenance Contract with regard to computer hardware at all State Bank of India premises within the UK.

Details of Hardware: SBI UK has wide a range of hardware, Including, PC workstations, Laptops, Printers, Fax and Scanners located in various branches around the UK and at the main corporate offices in London, please use contact details to request specific numbers and hardware information.

Laptops - SBI UK requires maintenance cover Laptops. The laptops are from different manufacturers including Toshiba, Dell and HP. Laptops are also dispersed throughout the UK.

PC Workstations - SBI UK requires maintenance cover for desktop PCs located in SBI UK London Corporate Offices and all of its branches located across the country. The majority of these PCs are from the manufacturer DELL.

Printers - SBI UK would also require Printers to be covered on a maintenance contract. These printers are from various manufacturers but the vast majority are from Hewlett Packard and they are situated in the London Main Branch as well as other UK Branches.

Scanners / Fax - SBI UK Requires cover for Fax Machines and Scanners, mostly from the manufacturer Kodak/Brother. Equipment is located in all the UK branches.

Miscellaneous - SBI UK Requires cover for additional 10 items without serial number these items will be either a laptop, PC, Printer or scanner and will be required as part of a contingency plan for items that were not able to be included on the Kit List.

In summary SBI UK requires an Annual Maintenance Contract (4+4 SLA) quote for:

Laptops
Workstations PC
Printers
Scanners and Fax
Miscellaneus (Laptop, PC, Printer or scanner without Serial number)

Bids: quotations are to be submitted in sealed envelopes, Marked 'Private and Confidential' mentioning 'Hardware Annual Maintenance Contract' and are to be sent to the Chief Operating Officer.

Contact details: Chief Operating Officer, State Bank of India, 3^rd Floor, 15 King Street, London, EC2V 8EA. To request Hardware information, or for general queries please contact William Aguire via email William.aguire.sbiuk@statebank.com or via phone 0207 454 4348.

Closing date for bids/ quotations: 12 noon 19^th February 2019

State Bank of India UK, are inviting offers for acquisition of Commercial Premises for new Retail Branch premises and the details/specifications are as under:

Key Features

Size: 1,900 to 2,500 square feet

Tenure: Leasehold

Property Type: Retail Commercial premises

Rent: Rent on application. Rent is exclusive of rates, insurance and VAT (if applicable)

Premium: No premium will be paid by the Bank

Use Class: A2, Financial and Professional Services

Lease term: New lease of 10 years to 15 years with break clauses

Location: High Street premises or mixed use developments in Kingsbury, Kenton, Hendon, Colindale, Finchley, Mill Hill and Stanmore

Bids: Technical and Financial Bids are to be submitted in the prescribed formats in Sealed Envelopes marked 'Private and Confidential' with the envelope to be super scribed with 'New Retail Branch Premises' and to be sent to Chief Operating Officer, State Bank of India, 4^th floor, 15 King Street, London, EC2V 8EA.

Contact details: General Banking and Administration, State Bank of India, 3^rd floor, 15 King Street, London, EC2V 8EA. Tel: 0207 454 4431 or 0207 454 4468, Email: rajmohan.ramadass.sbiuk@statebank.com or ahmed.arikat.sbiuk@statebank.com

Closing Date: 30 April 2019

State Bank of India UK, are inviting offers for procurement of the below mentioned hardware and related for our server maintenance at two main sites in London:

Key Features

Scope of Work: Purchasing & installing of new servers Virtual machine servers.

Technical Specifications: The technical specifications for the servers to be procured are mentioned below. No change in the same is permissible.

Location: 1) State Bank of India, 15-17, King Street, London, EC2V 8EA
2) State Bank of India, 3rd Floor, Hygeia Building 66-68, College Road, Harrow, HA1 1BE

Bids: Financial bids(quotations), component wise as per the scope of work defined above are to be submitted in sealed envelopes through either of the two modes:

By Post on the following address:

"Chief Operating Officer, State Bank of India
3rd Floor, 15 King Street, London, EC2V 8EA"
Alternatively, the quotations can be given in person to "Chief Operating Officer, State Bank of India, 15 Kings Street, London, EC2V 8EA".

Closing Date: The quotations should reach by either of the above modes by 05:00 PM on 8^th March, 2019.

Contact Details: Head (Systems), State Bank of India, 3rd Floor, 15 King Street, London, EC2V 8EA.
Email - headsystems.sbiuk@statebank.com; systems2.sbiuk@statebank.com

CONFIGURATION AND SPECIFICATION OF ALL THE HARDWARE TO BE PROCURED IS AS BELOW:

Sr no	Quantity	Specifications
1	2	Virtual Machine Server - for 4 Virtual Machines HPE DL380 Gen10 24SFF CTO Server HPE DL380 Gen10 Intel Xeon-Silver 4114 (2.2GHz/10-core/85W) FIO Processor Kit HPE DL380 Gen10 Intel Xeon-Silver 4114 (2.2GHz/10-core/85W) Processor Kit HPE 16GB (1x16GB) Single Rank x4 DDR4-2666 CAS-19-19-19 Registered Smart Memory Kit HPE 240GB SATA 6G Mixed Use M.2 2280 3yr Warranty Digitally Signed Firmware SSD HPE DL38X Gen10 12Gb SAS Expander Card Kit with Cables HPE 96W Smart Storage Battery (up to 20 Devices) with 145mm Cable Kit HPE Smart Array P408i-a SR Gen10 (8 Internal Lanes/2GB Cache) 12G SAS Modular Controller HPE 500W Flex Slot Platinum Hot Plug Low Halogen Power HPE 2U Small Form Factor Easy Install Rail Kit HPE ProLiant Door/dock Medium Logistic Service
2	2	Microsoft® Windows Server STDCORE Single License/Software Assurance Pack OLP 16 Licenses No Level Core License
3	2	Microsoft® Windows Server STDCORE Single License/Software Assurance Pack OLP 2 Licenses No Level Core License
4	2	SAN Upgrade to Support Virtual Machines - Primary DC HPE MSA 400GB 12G SAS Mixed Use SFF (2.5in) 3yr Warranty Solid State Drive x 2 HPE MSA 1.8TB 12G SAS 10K SFF (2.5in) 512e Enterprise 3yr Warranty Hard Drive x 24
5	8	Memory Upgrade - HPE 16GB (1x16GB) Single Rank x4 DDR4-2666 CAS-19-19-19 Registered Smart Memory Kit
6	8	Memory Upgrade - HPE 16GB (1x16GB) Single Rank x4 DDR3-2666 Memory Kit
7	2	Microsoft Windows Server 2016 CAL 10 USR EMEA LTU

REQUEST FOR PROPOSAL (RFP)
For
Selection of firm to provide SBI UK Ltd with a comprehensive technical solution for the Payment Services Directive 2

Payment services directive 2 (PSD2) is a European-wide legal framework for payment services by setting the information requirements and the respective rights and obligations of payment service users and providers.

As an Account Servicing Payment Service Provider, SBI UK will have to comply with all the applicable Regulatory Technical Standards for the Payment Accounts that it makes available online.

The current RFP is meant to aid the bank in the selection of a suitable fintech firm for assisting SBI UK Ltd to bring about the necessary technical changes in order to comply with the regulation.

The selected firm will be required to design a comprehensive ASPSP interface to support Access to Account, Strong Customer Authentication and Common and Secure Channels of Communication. These tasks work around three core technology areas: API Management, Identity and Access Management and Integration with the bank’s Core Banking System.

The bank shall make available the technical specifications and provide a support and testing facility to the TPPs by 14^th March-19, file exemptions for fall-back mechanism and SCA for Corporate Accounts by 14^th June-19 in order to comply with all the applicable obligations as per RTS by 14^th September-19

The bids from the respondents shall be evaluated based on the following criteria:

Credentials of the Firm

Product Features

Product Scalability

Experience on PSD2

Technical Understanding of PSD2

Knowledge of SBIs systems

The bidders will be required to provide the commercials in the following manner:

Components	Cost (£)
PSD2 Sandbox & Mock Data Stubs
API Integration inclusive of Identity & Access Management, Consent Management, API Middleware, Transaction Risk Analysis etc.
One time professional services, if any, for installation, testing and implementation
On-going support/upgrades post implementation

SBI UK Ltd reserves the right to select the firm based on various combinations of the above criteria and the commercials.

The RFP response should be signed by an authorised person of the Respondent and mailed in a sealed envelope to the office of:

Head of Systems
State Bank of India UK Ltd
15 King Street
London, EC2V 8EA
United Kingdom
headsystems.sbiuk@statebank.com

The response to this RFP must be completed in English.

Issuance of RFP Document by Bank: 1^st Feb-19

Last Date of Submission of bids by the Respondent: 8^th Feb-19

State Bank of India UK Ltd will not consider any late responses to this RFP nor will it consider requests for extension of the time or date fixed for the submission of responses. It may, however, in its own absolute discretion extend the time or date fixed for submission and in such an event State Bank of India will notify all Respondents accordingly.

After evaluation is completed, State Bank of India UK Ltd will retain copies of all responses to satisfy its audit obligations and for other purposes.

STATE BANK OF INDIA – RETAIL BRANCH TENDER:

The State Bank of India are carrying out external repairs to the front elevation of Golders Green branch.

Therefore you are invited to submit a NEW tender with quotations for the following works:

The main areas for the repairs to the stonework are at the higher level.
The sting course & other decorative features at the top have deteriorated.
Remedial works will restore & conserve the stone work
Brick replacement repairs are required in various places where needed on each floor
There are various smaller repairs to the stonework on each floor of façade.
Pointing is needed to a few isolated areas on the front elevation to stonework and brickwork joints after restoration
Alterations and adaptions to the scaffolding, including existing extra hire period Pavement permits and ongoing hire charges for a maximum of 4 weeks
Preliminaries including site management for the duration of the contract period, transport, parking site inspections, provision for health and safety, risk assessments and method statements, waste disposal.

All works are to be carried out of hours in order to avoid interference with the day to day operations of the Branch.

Location – State Bank of India, 630-632 Finchley Road, London, NW11 7RR

To comply with the Bank's internal Corporate Governance the Project must be competitively tendered, with the bids being returned directly to the Bank in sealed envelopes & opened in a formal committee meeting (Not by email please)

TENDER ARRANGEMENTS:

Tender Period – Issue of documents on 25 Jan 2019 with returns by 12pm Friday, 1 February 2019, the chosen contractor will then be initially appointed by a Letter of Intent
Tender Format – Sealed envelope ONLY marked Golders Green Branch Part A – To contain a) Phased Programme b) Contractors Design Proposals c) HVAC, Plumbing, Power, Containment & Lighting Design Proposals d) Project delivery structure e) Company brochure / Examples of previous work
Tender Format – Sealed envelope ONLY marked Golders Green Branch Part B – To contain a) Pricing Schedule document b) Signed Form of Tender
DO NOT SEND ANY TENDER INFORMATION BY EMAIL

Tenders will be evaluated based on the 'Code of Procedures for Single Stage Selective Tendering 1996' Section 6, Alternative 2.

Tenders must be submitted directly to the Client and should bear no marking which indicate that the tender package has been sent by you. The tender return address is:

FAO: Chief Operating Officer
State Bank of India
3^rd Floor
15 King Street
London
EC2V 8EA

Please note the Client's specific requirements for tender returns; these will be opened in two parts and should be submitted in two separate envelopes marked 'Part A' and 'Part B'. Part A must only contain the technical elements of the tender as scheduled in the preliminaries, with Part B containing only the commercial figures for the project.

Should you have any queries or require further information regarding the technical aspects of the projects or this tender, please contact us on 0207 454 4468 Email: ahmed.arikat.sbiuk@statebank.com

State Bank of India, UK is inviting Courier Companies to provide the courier services to our main corporate office at 15 King Street, Retail operations Bishopgate & Harrow and retail branches. Tenders to bid 'SBI UK Courier services'.

The Particulars in the tender

India
1^st 0.5 kilo
Every additional 0.5kilo

U.A.E
1^st 0.5 Kilo
Ever additional 0.5 kilo

Rest of the world

Weight	Zone 1	Zone 2	Zone 3	Zone 4	Zone 5	Zone 6	Zone 7	Zone 8
1^st 0.5 kg
Addl. 0.5 kg

List of Branches

SBI Bishopsgate
SBI Coventry
SBI East Ham
SBI Golders Green
SBI Harrow
SBI Hounslow
SBI Ilford
SBI Leicester
SBI Manchester
SBI Southall
SBI Wolverhampton
SBI Harrow Retail Back office
SBI Birmingham
SBI King Street (Main Branch)

Bids: Tenders are to be submitted in sealed envelopes, marked 'Private and confidential' mentioning 'SBI UK Courier services' and to be sent to Chief Operating Officer, State Bank of India, 3^rd floor, 15 King Street, London, EC2V 8EA.

Contact details: Head, General Banking and Administration, State Bank of India, 3^rd floor, 15 King Street, London, EC2V 8EA. Tel: 0207 367 1224, Email: joginder.seth.sbiuk@statebank.com

Closing date for bids/quotations: 18^th Jan 2019 – 24^th Jan 2019 4.00pm

STATE BANK OF INDIA – RETAIL BRANCH TENDER:

The State Bank of India are carrying out modifications/repairs to the internal areas of Golders Green branch.

Therefore you are invited to submit a NEW tender with quotations for the following works:

Painting of the branch (upstairs)
Fire proof the electrical cupboard
Fire proof door strips downstairs
Lighting
CCTV
Remove the window posters

All works are to be carried out of hours in order to avoid interference with the day to day operations of the Branch.

Location – State Bank of India, 630-632 Finchley Road, London, NW11 7RR

TENDER ARRANGEMENTS:

Tender Period – Issue of documents on 3 Jan 2019 with returns by 5pm Wednesday, 30 January 2019, the chosen contractor will then be initially appointed by a Letter of Intent
Tender Format – Sealed envelope ONLY marked Golders Green Branch Part A – To contain a) Phased Programme b) Contractors Design Proposals c) HVAC, Plumbing, Power, Containment & Lighting Design Proposals d) Project delivery structure e) Company brochure / Examples of previous work
Tender Format – Sealed envelope ONLY marked Golders Green Branch Part B – To contain a) Pricing Schedule document b) Signed Form of Tender
DO NOT SEND ANY TENDER INFORMATION BY EMAIL

Tenders will be evaluated based on the 'Code of Procedures for Single Stage Selective Tendering 1996' Section 6, Alternative 2.

Tenders must be submitted directly to the Client and should bear no marking which indicate that the tender package has been sent by you. The tender return address is:

FAO: Chief Operating Officer
State Bank of India
3^rd Floor
15 King Street
London
EC2V 8EA

Should you have any queries or require further information regarding the technical aspects of the projects or this tender, please contact us on 0207 454 4468 Email: ahmed.arikat.sbiuk@statebank.com

State Bank of India, UK is inviting quotations for the appointment of an insurance broker to act on its behalf in connection with the forthcoming policy, pertaining to SBI UK Operations, which is due to expire on 23^rd January 2019.

Objectives:

The objective of this project is to restrict any insurance premium increases at review and to make savings for the Bank without compromising on the cover provided by the policies.

Policy:

The tender is for Lenders Contingent Buildings Insurance.

Quotations: Fixed fee premiums for the above insurance policies

Bids: Tenders are to be submitted in Sealed Envelopes, marked 'Private and Confidential' mentioning 'Lenders Contingent Building Insurance' and to be sent to Chief Operating Officer, State Bank of India, 3^rd floor, 15 King Street, London, EC2V 8EA.

Broker Requirements: All responding brokers should be FCA registered and carry a minimum of £20,000,000 Professional Indemnity insurance.

Insurers: All insurers approached should be of strong reputation and carry a minimum credit rating of A-

Closing date: 12pm on Wednesday 9 January 2019

REQUEST FOR PROPOSAL (RFP)
For
Selection of Consultancy firm for assisting State Bank of India (SBI), UK Operations in all Tax and Accounting Advice & Activities related to setting up a banking subsidiary in UK

State Bank of India
15 King Street
London EC2V 8EA
United Kingdom

[A] Important Dates:

Issuance of RFP Document by Bank from : 27.05.2016
Last Date of Submission of Response by the Bidder : 21.06.2016

[B] Important Clarifications:

SBI and Bank means "State Bank of India".
Recipient, Respondent Bidder and Legal firm means "Respondent to the RFP Document".
RFP means the "Current RFP Document"

Confidentiality

This document is meant for the specific use by the Company / person/s interested to participate in the current tendering process. This document in its entirety is subject to Copyright laws. State Bank of India expects the bidders or any person (s) acting on behalf of the bidders to strictly adhere to the instructions given in the document and maintain confidentiality of information. The bidders will be held responsible for any misuse of the information contained in the document and liable to be prosecuted by State Bank of India in the event of such a circumstance being brought to the notice of the Bank. By downloading the document, the interested party is subject to confidentiality clauses.

Section I

1. Introduction and Disclaimer

This Request for Proposal document ("RFP") has been prepared solely to enable State Bank of India ("Bank") for selection of a suitable consultant for assisting the State Bank of India, UK Operations (UK BRANCH) in all the Tax & Accounting Advice and Activities ("Tax & Accounting Work") for setting up a banking subsidiary in UK, including in transfer of a part of the business from Branch to Subsidiary. The RFP document is not a recommendation, offer or invitation to enter into a contract, agreement or other arrangement in respect of the services. The provision of the services is subject to observance of selection process and appropriate documentation being agreed between State Bank of India and any successful bidder as identified after completion of the selection process.

2. Information Provided

The RFP document contains statements derived from information that is believed to be reliable at the date obtained but does not purport to provide all of the information that may be necessary or desirable to enable an intending contracting party to determine whether or not to enter into a contract or arrangement with State Bank of India in relation to the provision of services.
Neither State Bank of India nor any of its employees, agents, contractors, or advisers gives any representation or warranty, express or implied as to the accuracy or completeness of any information or statement given or made in this RFP document. Neither State Bank of India nor any of its employees, agents, contractors, or advisers has carried out or will carry out an independent audit or verification or due diligence exercise in relation to the contents of any part of the RFP document.

3. For Respondent Only

The RFP document is intended solely for the information of the party to whom it is issued ("the Recipient" or "the Respondent") and no other person or organisation.

4. Confidentiality

The RFP document together with all other information, materials, specifications or other documents provided by State Bank of India shall be treated at all times as confidential by the Recipient and is not to be reproduced, transmitted, or made available by the Recipient to any other party. The Recipient shall not disclose any such information, materials, specifications or other documents to any third parties or to any other part of the Recipients' group or use them for any purpose other than for the preparation and submission of a response to this RFP nor shall the Recipient publicise State Bank of India's name or the project without the prior written consent of State Bank of India.
Recipients shall ensure that all third parties to whom disclosure is made shall keep any such information, materials, specifications or other documents confidential and not disclose them to any other third party except as set out above.
Recipients must seek the approval of State Bank of India before providing to third parties any information provided in confidence by State Bank of India or its professional advisers and must maintain a register of all employees and third parties who have access to such information. If so requested by State Bank of India, Recipients must make such a register available for immediate inspection by State Bank of India or its duly authorised representatives.
State Bank of India may update or revise the RFP document or any part of it. The Recipient acknowledges that any such revised or amended document is received subject to the same terms and conditions as this original and subject to the same confidentiality undertaking. The Recipient will not disclose or discuss the contents of the RFP document with any officer, employee, consultant, director, agent, or other person associated or affiliated in any way with State Bank of India or any of its customers, suppliers, or agents without the prior written consent of State Bank of India.

5. Disclaimer

Subject to any law to the contrary, and to the maximum extent permitted by law, State Bank of India and its officers, employees, contractors, agents, and advisers disclaim all liability from any loss or damage (whether foreseeable or not) suffered by any person acting on or refraining from acting because of any information, including forecasts, statements, estimates, or projections contained in this RFP document or conduct ancillary to it whether or not the loss or damage arises in connection with any negligence, omission, default, lack of care or misrepresentation on the part of State Bank of India or any of its officers, employees, contractors, agents, or advisers.

6. Costs Borne by Respondents

All costs, liabilities and expenses incurred by Recipients / Respondents in any way associated with the development, preparation, and submission of responses, including but not limited to attendance at meetings, discussions, demonstrations, etc. and providing any additional information required by State Bank of India, will be borne entirely and exclusively by the Recipient /Respondent.

7. No Legal Relationship

No binding legal relationship will exist between any of the Recipients /Respondents and State Bank of India until execution of a contractual agreement.

8. Recipient Obligation to Inform Itself

The Recipient must conduct its own investigation and analysis regarding any information contained in the RFP document and the meaning and impact of that information.

9. Evaluation of Offers

Each Recipient acknowledges and accepts that State Bank of India may, in its absolute discretion, apply whatever criteria it deems appropriate in the selection of organisations, not limited to those selection criteria set out in this RFP document. The RFP document will not be construed as any contract or arrangement, which may result from, the issue of this RFP document or any investigation or review carried out by a Recipient. The Recipient acknowledges by submitting its response to this RFP document that it has not relied on any information, representation, or warranty given in this RFP document.

10. Errors and Omissions

Each Recipient should notify State Bank of India of any error, omission, or discrepancy found in this RFP document but not later than two business days prior to the due date for lodgement of RFPs.

11. Acceptance of Terms

A Recipient will, by responding to State Bank of India RFP, be deemed to have accepted the terms as stated above from Para 1 through Para 10.

12. Lodgement of RFP Response

12.1 RFP Submission & Closing Date : 21.06.2016

RFP Response may be received by the officials indicated below not later than 5:00 pm (GMT) on 21.06.2016

(1) paper copy and one printable electronic copy (Microsoft Word/PDF/Excel/Powerpoint via Password protected email, where password is provided to SBI only on request after the Closing date) each of both Technical and Commercial Proposals must be submitted to:

Chief Financial Officer

State Bank of India

15 King Street, London

United Kingdom

Chieffo.sbiuk@statebank.com

12.2 Submission will be valid if:

i. Copies of the RFP are submitted, subject to clause 12.3, before the aforementioned closing date specified in clause 12.1.

ii. Submission is not by Fax transmission.

iii. Response is submitted in two separate sealed envelopes with separate marking "Technical Proposal" & "Commercial Proposal"

All separate copies of RFP and attachments must be provided in a sealed envelope or sachet. RFP Response shall be sent / signed by a duly authorised director or senior officer of the Respondent.

State Bank of India will not consider any late responses to this RFP nor will it consider requests for extension of the time or date fixed for the submission of responses. It may, however, in its own absolute discretion extend the time or date fixed for submission and in such an event State Bank of India will notify all Respondents accordingly.

After evaluation is completed, State Bank of India will retain copies of all responses to satisfy its audit obligations and for other purposes.

The response to this RFP must be completed in English.

12.3 Only One Submission Permitted

Only one submission of response to RFP by each Consultant / Service Provider will be permitted. In case of partnerships / consortium, only one submission is permitted through the lead Consultant / service provider. The RFP shall be accepted by the Bank only in the original, and the same shall not be accepted if the required details are filled in photocopy of RFP document or sent through facsimile.

12.4 Registration of RFP

Registration will be effected upon State Bank of India receiving the RFP response in the above manner (Para 12.1). The submission must contain all documents, information, and details required by this RFP. If the submission to this RFP does not include all the information required or is incomplete or submission is through Fax mode, the RFP may in the sole and absolute discretion of State Bank of India be summarily rejected.

All submissions, including any accompanying documents, will become the property of State Bank of India. Recipients shall be deemed to license, and grant all rights to, State Bank of India to reproduce the whole or any portion of their submission for the purpose of evaluation, to disclose the contents of the submission to other Recipients who have registered a submission and to disclose and/or use the contents of the submission as the basis for any resulting RFP process, notwithstanding any copyright or other intellectual property right that may subsist in the submission or accompanying documents.

12.5 Late RFP Policy

RFPs lodged after the deadline for lodgement of RFPs may be registered by State Bank of India and may be considered and evaluated by the evaluation team at the absolute discretion of State Bank of India. Respondents are to provide evidence to substantiate the reasons for a late RFP submission. It should be clearly noted that State Bank of India has no obligation to accept or act on any reason for a late submitted response to RFP.

State Bank of India shall not bear any liability to any person who lodges a late RFP for any reason whatsoever, including RFPs taken to be late only because of another condition of responding.

12.6 RFP Validity Period

RFPs will remain valid and open for evaluation according to their terms for a period of at least six (6) months from the RFP closing date.

12.7 Requests for Information

Consultants interested in submitting the bid, can meet SBI official and make a presentation and / or ask for the clarification during the meeting. A copy of the draft Regulatory Business Plan (RBP) is available for the reference of interested Consultants. SBI UK strongly encourages the interested firms to view this document to understand the background of the business. Any further questions or queries relating to the RFP, technical or otherwise, must be in writing only and should be addressed by email to:

Chief Financial Officer

State Bank of India

15 King Street, London

United Kingdom

Chieffo.sbiuk@statebank.com

State Bank of India may in its absolute discretion seek, but shall be under no obligation to seek, additional information or material from any Respondents after the RFP closes and all such information and material provided must be taken to form part of that Respondent's response.

Respondents should invariably provide details of their email address(es) as responses to queries will normally be provided to the Respondents via email.

If State Bank of India in its absolute discretion deems that the originator of the question (by email or during the presentation) will gain an advantage by a response to a question, then State Bank of India reserves the right to communicate such response to all Respondents.

State Bank of India may in its absolute discretion engage in discussion or negotiation with any Respondent (or simultaneously with more than one Respondent) after the RFP closes to improve or clarify any response.

13. Evaluation method and selection criteria

The Technical bids of the respondents shall be evaluated based on the criteria mentioned in point no.4 under section II. The commercial bids of the respondents qualifying the technical bid criteria shall be evaluated as per the criteria mentioned in point no. 5 under Section-II.

Respondents may be invited to provide a presentation of their proposals as part of their response.

Respondents may be contacted nearer the time with a specific date for their presentation to take place.

14. Notification

State Bank of India will notify the Respondents in writing as soon as practicable, whether the Respondent's RFP response has been accepted or rejected. State Bank of India is not obliged to provide any reasons for any such acceptance or rejection.

15. Disqualification

Any form of canvassing/lobbying/influence/query regarding short listing, status etc. will be a disqualification.

16. Timeframe

The following is an indicative timeframe for the overall selection process.
Issuance of RFP Document by Bank from : 27.05.2016
Last Date of Submission of Response by the Bidder : 21.06.2016

Acceptance of Work Order: within One Week of receipt of Work Order
SLA and NDA Agreement: to be signed after acceptance of the work and before commencement of work. Contract to be signed in London, United Kingdom.

State Bank of India reserves the right to vary this timeframe at its absolute and sole discretion should the need arise. Changes to the timeframe will be relayed to the affected Respondents during the process.

17. Dispute Resolution

The Recipient and State Bank of India shall endeavour their best to amicably settle all disputes arising out of or in connection with the RFP in the following manner:

a. The Party raising a dispute shall address to the other Party a notice requesting an amicable settlement of the dispute within seven (7) days of receipt of the notice.

b. The matter will be referred for negotiation between authorized representative of State Bank of India and of the Recipient. The matter shall then be resolved between them and the agreed course of action documented within a further period of 15 days.

c. In case any dispute between the Parties, does not settle by negotiation in the manner as mentioned above, the same shall be resolved exclusively by arbitration and such dispute may be submitted by either party for arbitration within 20 days of the failure of negotiations. Arbitration shall be held in London and conducted in accordance with the provisions of laws applicable for arbitration in England and Wales. The Arbitration proceedings shall be presided by the sole arbitrator appointed by State Bank of India.

18. Applicable Law and Jurisdiction of Court

Any disputes between State Bank of India and the Recipient arising out of the RFP shall be governed in accordance with the Laws of England for the time being in force.

19. Professionalism

The selected bidder should provide professional, objective and impartial advice at all times and hold the State Bank of India's interests paramount and should observe the highest standard of ethics while executing the assignment.

20. Execution of SLA

The selected bidder shall execute a Service Level Agreement, which would include all the services and terms and conditions of the services to be extended as detailed herein and any other conditions as may be prescribed by the Bank. The contract shall be executed by the authorized signatory of the selected bidder.

Section II

Project Requirements

1. RFP

State Bank of India, UK Operations (UK BRANCH) has submitted a draft Regulatory Business Plan to PRA and is in the process of submitting the Application for Authorisation to regulators in July 2016. This RFP is for Selection of Consultants for assisting the State Bank of India, UK Operations (UK BRANCH) in the preparation and completion of the Tax and Accounting Advice & Activities ("Tax & Accounting Work") related to setting up a banking subsidiary and transferring part of its liabilities and assets (including deposits, mortgages, pension liabilities) in UK to the new subsidiary.

2. Current RFP Objectives:

a. Project Objective

State Bank of India wishes to appoint a suitable Consultant for assisting State Bank of India, UK Operations ("UK Branch") related to Tax & Accounting Work for setting up a banking subsidiary in UK.

b. Project Scope

A summary description of the envisaged scope is enumerated as under. However, State Bank of India reserves its right to change the scope of the RFP considering the size and variety of the requirements and the changing business conditions.

Based on the contents of the RFP, the selected Consultant shall be required to assist State Bank of India in the Tax & Accounting Work. The subsidiary will be set up by initially carving out the retail business of SBI UK. UK Branch of SBI UK will continue to function separately. A copy of the latest Regulatory Business Plan (RBP) is available for the reference of interested Consultants. SBI UK strongly encourages the interested firms to view this document to understand the background of the business.

The Consultant shall be required to undertake to perform all such tasks, render requisite services and make available such resources as may be required for the successful completion of the entire assignment at no additional cost to the Bank.

The high level services as indicated in Para 3 will be covered under the scope of this RFP.

3. Scope of Work

Broad High Level Scope of Work for the Tax & Accounting Work is given below:

A) Tax Workstream:

#	Workstream	Details
1.	Transfer of assets	Tax Advice including detailing the consequences of transfer of assets and Tax Relief from branch to subsidiary
2.	Compliance on Tax aspects	Registration with HMRC for Corporation Tax, Ad-hoc Support during and in the first 3 months of formation of subsidiary
3.	Capital Structure	Advising on the capital structure of the subsidiary from Tax efficiency perspective, esp. on structuring of Tier 2 debt, provided by the parent
4.	Transfer Pricing	Advice and documenting on Transfer Pricing arrangement and implications of various arrangements of staffing between branch and subsidiary Accounting Standards and impact on Tax has to be considered for this Inputs into SLA between Branch/Parent and Subsidiary is part of the scope of this SLA and TP Policy should ensure that the relationship between the entities is conducted on arm's length terms with supporting documentation.
5.	WHT Treaty access for loans	Advice on impact of WHT Treaties - for both transfer of Loans in the initial stage and on-going booking of loans between Branch and Subsidiary for Indian residents/entities
6.	Governance aspects	Advice on Relevance of Senior Accounting Officer (SAO) Regime Risk & Governance regime related to SAO Any other Governance Aspects
7.	VAT Advice	Advice & Implementation of VAT Structure including VAT Grouping Advice on impact of PESM VAT impact on Provision of services between branch and subsidiary Ad-hoc Support on VAT aspects during and in the first 3 months of formation of subsidiary
8.	Project management	Project Management Preparation of Implementation Plan, Timelines, Documents List(s), etc. Coordination with KPMG, SBI's regulatory consultants for the Application for Authorisation process for the subsidiary Necessary coordination with all relevant 3rd parties, including HMRC, if required.
9.	Miscellaneous	Any miscellaneous documentation/tax advisory services with regard to the subsidiarisation project

B) Accounting related:

No	Workstream	Details
1.	Selection of Accounting standards	Advice on selection of suitable accounting standards to be used for the subsidiary between IFRS, FRS 102 or any other standards General accounting advice in respect of accounting choices for the new subsidiary based on information to be provided to you regarding the 3-year business plan of and the products / transactions that will be booked by the new subsidiary.
2.	Implementation	Advice on Implementation of accounting standards, EIR models, IFRS 9 packages General accounting advice in the form of technical accounting training / workshop sessions on IAS 39 effective interest rate (EIR) and IFRS 9. We require a draft proposed agenda for such training / workshop sessions to be provided and require the topics to include market and industry insights on application issues of these standards.
3.	Project management	Project Management Preparation of Implementation Plan, Timelines, Documents List(s), etc. Coordination with KPMG, SBI's regulatory consultants for the Application for Authorisation process for the subsidiary Liaison with regulators (PRA/FCA), if required. Any miscellaneous documentation/accounting services with regard to employee matters incidental to the subsidiarisation project

The Consultant is not expected to travel outside London. The interactions with the external parties including the regulators in UK/India, our Senior Management in India, etc. is expected to be performed by SBI itself primarily. However, the Consultant may be expected to accompany SBI in its meetings with UK Regulators, if required. We expect the Consultant to expand on this and complete the Tax & Accounting Work within 3 months of appointment, or as per the timelines given by the Regulators.

4. Technical Bid Evaluation Criteria

Technical criteria are classified under three (4) broad heads -

Credentials of the Consultant

Experience of the Team Members

Successful execution of Tax & Accounting Works in the last 3 years of similar or larger sized banks in United Kingdom.

Good understanding of SBI requirements in the proposal including, the impact of various aspects

5. Commercial Bid Evaluation Criteria:

The Consultants are required to provide the commercials (Pricing) based on assumption that the Consultant shall prepare the documents and policies and the Bank shall review the documents and policies.

Quotes are needed for both the streams separately, preferably in the following format.

#	Tax & Accounting Workstream	Cost (excl VAT)
1.	Tax Workstream
	a) Transfer of assets
	b) Compliance on Tax aspects
	c) Capital Structure
	d) Transfer Pricing
	e) WHT Treaty access for loans
	f) Governance aspects
	g) VAT Advice
	h) Misc or Any other aspects
	Total Tax Workstream
2.	Accounting Workstream
3.	Total for Tax and Accounting

State Bank of India reserves the right to select the Consultant(s) based on the various combination/matrix/suitability under different work streams/tasks. For example, SBI reserves the right to choose a consultant only for VAT and Transfer Pricing and WHT Treaty alone.

Section III

QUESTIONNAIRE OVERVIEW

A questionnaire is set out below. The questionnaire is divided into the following sections:

General questions.
Services issues and technical capabilities.

1. GENERAL QUESTIONS

1.1 Contact details

a) Please supply details of the person(s) at your organisation who can be contacted by State Bank of India in relation to your response. Please give their name, title, address and location, telephone number, fax number and e-mail address.

1.2 Company details

a) Please give details of your company, stating its full registered address and company registration number.

b) Please set our details of the parent or holding company of the company specified in response to the above question, state where it is registered, ownership details and detail of its and its parent company's subsidiaries and specify the relationship between it and its parent/holding company or whether any group companies are publicly listed and, if so, on which stock exchanges.

c) Please set out your geographical locations which are relevant to the requirements set out in this RFP and the length of time you have operated from these locations.

1.3 Your Organisation's staff

Please give details of your staff numbers, skills, duties and locations those who will be associated with the proposed work. Please set out any key skills or employee dependencies and the availability of replacement skills in those areas.

Please explain the organisational and management structure of your organisation (including an organogram of your executive management) and the roles and responsibilities of the management teams involved in relation to the services in the RFP.

1.4 Your history, approach, vision and values

a) Please describe in brief terms, your organisation's history and the history of provision of outsourcing services.

b) Over what period of time have you been providing services which are similar to those which are the subject of RFP.

c) Please provide details of your corporate and business values and how this affects your organisation and the services it offers.

1.5 Customers

a) Please supply a list of customers to whom similar services to those contemplated by the RFP are provided and the types of services being provided.

1.6 References

a) Please provide references of work done in the past and the success ratio where services were provided similar to those being contemplated by the RFP.

1.7 Previous experience

a) Please provide details of previous experience of the firm and the Directors/Partners in providing similar services to the services envisaged in this RFP, particularly your experience which relates to implementation/transition, service levels, regulatory compliance, achievement of economies of scale and value for money. Please provide details of size and scale of these services.

b) Please specify any additional related services you could offer to State Bank of India and the benefits of such services.

1.8 Standards and procedures

a) Please provide details of your quality assurance processes and management systems and if applicable any quality related accreditations or certifications you hold.

b) Please set out your policies, procedures and processes in relation to the protection of all information and data in relation to the services and in relation to other security and confidentiality matters.

c) Please provide a brief risk management overview of the risks that you foresee in the delivery of each area of the requirements you are responding to. Please categorise these risks according to whether they are risks for State Bank of India, for you, or risks that are to be shared jointly. Please specifically state how you propose to manage and/or mitigate these risks.

d) Please confirm that all goods, services, software and intellectual property which would be provided or supplied by you in the course of the provision of the services are compliant with applicable regulatory framework.

e) Please give details of the systems and processes that are intended to be used to ensure security of personal customer data.

1.9 Insurance

Please provide details of the levels and kinds of insurance held by your organisation and describe which services and areas such insurance would apply.

2. SERVICES ISSUES AND TECHNICAL CAPABILIITES

2.1 Services

a) Please specify whether you are able to meet the requirements set out in Section II (Project Requirements) and your methodology for achieving this.

b) Please specify how your organisation is structured to best provide the services (as detailed in Section II (Project Requirements)).

c) Please specify the key members of staff that is proposed would be used to provide and manage the service throughout the transitional and operational phases of the project, along with their CVs and other relevant information.

d) Please specify the proposed dedicated management team from State Bank of India's account, where they would be located and whether members of State Bank of India's operations team could be based at your operational site on at least a part-time basis.

e) Please specify the standard service levels proposed in relation to the services to be provided pursuant to the project, and outline the method and frequency of reporting.

f) Please describe how you would provide these services to State Bank of India and how you propose structuring and managing the provision of the services.

g) What resources would you use to provide these services and give details of these resources, their experience and where they will be based?

h) Would staff be dedicated to this service or shared with other services or other customers? If they are shared with others, please describe which staff would be shared and how this would work.

i) Please specify if you would consider off-shoring (outside of the UK) any element of the service, along with details of potential locations, timing and expected benefits of the proposed off-shoring. Please indicate whether these off-shoring services would be provided by you or by a third party and whether new or existing relationships would be used. Please confirm that the off-shoring service levels are at least equivalent to those in the UK. Please confirm that the service can be provided during UK working hours.

j) Please describe your problem escalation procedure and the timescales for escalating problems in relation to this service.

k) How would you provide the services within the core hours and outside of the core hours stated? Do you have any limit on the type of cover you would offer at different times of day?

l) Please describe your competencies and experience in providing these services.

m) What assets would you be using, those of State Bank of India or your own in relation to these services and why? Where would they be located?

n) What are your own disaster recovery plans for these types of services.

o) Are there any additional services you can provide or would wish to offer in relation to these services?

p) Would you propose any different approaches to the provision of these services from that set out in the RFP and if so, please describe.

q) Are there any new developments in the marketplace or potential technological or any changes in relation to the services which may affect the provision of the services which are subject of the RFP?

2.2 Other capabilities

a) Please set out any additional capabilities or other services you provide beyond the scope of those contained in the RFP which may be of interest to State Bank of India.

REQUEST FOR PROPOSAL (RFP)
For
Selection of Legal or Consultancy firm for assisting us in all Legal Activities related to setting up a banking subsidiary in UK

[A] Important Dates:

Issuance of RFP Document by Bank from : 10.02.2016
Last Date of Submission of Response by the Bidder : 04.03.2016

[B] Important Dates:

SBI and Bank means "State Bank of India".
Recipient, Respondent Bidder and Legal firm means "Respondent to the RFP Document".
RFP means the "Current RFP Document"

Confidentiality

For more details please refer to the full RFP

REQUEST FOR PROPOSAL - SENIOR MANAGERS AND CERTIFICATION REGIME (SMCR) PREPARATION AND IMPLEMENTATION SUPPORT

We invite proposals from professional firms with requisite expertise and experience to support the Bank in the preparation and implementation of Senior Managers and Certification regime as per PRA / FCA requirements for a non-EEA branch.

Interested firms can submit their technical and commercial proposals in two separate sealed envelopes by 19-Nov-15 to Chief Risk Officer, State Bank of India, 15 King Street, London EC2V 8EA.

Please include following details in the proposals:

Technical proposal
Firm's background and expertise in providing SMCR preparation and implementation support to local as well as foreign banks.
Suggested approach for supporting the bank in line with the scope for SMCR preparation and implementation outlined in Annexure-I. It should be a comprehensive approach covering all aspects of SMCR preparation and implementation, including legal matters.
Details of team members with background, grade, and area of expertise
Commercial proposal
Fixed fee for supporting the bank in line with the scope for SMCR preparation and implementation outlined in Annexure-I. Please submit only one option with all inclusive fixed fee, without any variations.
Level/grade of team members, estimated number of days and day rate

For any clarifications, please contact Mr David Attree, Chief Risk Officer, State Bank of India, 15 King Street, London EC2V 8EA. Tel: 0207 454 4391. Email: cro.sbiuk@statebank.com

Annexure-I

Scope for SMCR Preparation and Implementation Support

Stage	Task	Particulars	Timeline
1	SMCR Steering Group	Weekly meetings to review the progress of project plan, determining action points and reporting to Bank's Senior Management. SMCR Steering Group would comprise of Bank officials and members of professional firm. Professional firm to offer its Subject Matter Experts in the following areas: Regulatory Change and Compliance Corporate Governance Legal matters relevant to implementation of SMCR including Employment law, Remuneration code, etc.	Nov-15 onwards
2	Gap Analysis	Outlining the requirements for SMCR and ascertaining gaps in each area with respect to Bank's current governance arrangements, including: Organogram, Reporting lines, SoRs/JDs Committees structure, ToR, minutes Policies and procedures Tone from top Management Information Population of proposed SMFs: review Population of Certified Persons: identification of population and assessment - Significant Harm Functions/ Material Risk Takers Conduct Rules and Conduct Risk framework Recruitment, employment contracts, objective setting, performance appraisal and remuneration arrangements Training arrangements Any other areas relevant to implementation of SMCR	Nov-15
3	Develop Project Plan	Development of comprehensive project plan with specific action points and timelines. Aligning code of conduct and individual accountability to relevant policies and processes. Fit and proper Assessment (Criminal Records checks, Regulatory reference, etc.) Management responsibilities map, SoR Matrix and SoR forms, Handover documents, Cover arrangements, Performance appraisal process, Remuneration process, Recruitment process, Employment contracts, Training and support arrangements, Management information and monitoring processes Processes for certification of individuals - documentation, training, support and on-going monitoring Conduct Rules Framework: identification and reporting of breaches Any other areas relevant to implementation of SMCR	Nov/Dec-15
4	Training	Training session for Senior Management Training sessions for Certified Persons Training sessions for all employees on conduct rules Development of on-going Training programme for SM, CP and all employees on conduct rules	Dec-15
5	Development of SMCR implementation Framework, Policies and Processes	Development and testing of SMCR implementation framework in line with the Project Plan. Develop SMR and CR policy for SBI UK and present it for UKRMC approval Develop Responsibilities Map and present for UKRMC approval Develop SMR and CR Appointment Letters, Job descriptions, objective setting and performance appraisal templates Develop procedure and template for annual assessment and issuance of employee certificates Review of employment contracts and recommendations for requisite amendments Review of policies and procedures and recommendations for requisite amendments Review of committee structure / ToR and recommendations for requisite amendments Develop requisite templates including (i) Meeting minutes (ii) Decision making (iii) Handover templates for Senior Management/Certified Persons, etc. Any other work relevant to implementation of SMCR	Dec-15 / Jan-16
6	Implementation and review	Professional firm to facilitate implementation of SMCR and review the arrangements to ensure that the bank has fit for purpose policies and procedures to independently manage and monitor SMCR implementation on an on-going basis.	Feb-16

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21/10/2019

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£5,001 - £25,000.00	86.90	87.00
Above £25,000	Please visit the branch for request more than £25,000

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State Bank of India (UK) Limited is authorised by the Prudential Regulation Authority, and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 757156). SBI (UK) LTD is registered in England and Wales (Registered no: 10436460), with a registered office at 15-17 King Street, London EC2V 8EA.

Your eligible deposits with State Bank of India (UK) Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. For further information please visit: www.fscs.org.uk.

Terms & conditions apply. For more information and clarification visit your local branch. The contact center (0800532532) is open 24/7.

AER - Stands for Annual Equivalent Rate and illustrates the interest rate if it was paid and compounded once each year. Gross is a contractual rate payable before deduction of income tax at rate specified by law. www.sbiuk.com

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Branch	Address	Business hours
London Main Branch	15, King Street, London EC2V 8EA	Mon - Fri: 9am to 4pm Sat - 10.00am to 3:00pm Sun - Closed *(NRI Services are booked by appointments only)
Birmingham	118, Soho Road, Handsworth, Birmingham B21 9DP	Mon - Fri: 9am to 5pm(Except on Wednesdays 10am to 5pm) Sat - 9.45am to 2:30 pm Sun - 10am to 1pm
Coventry Branch	35 Smithford Way, Coventry CV1 1FY	Mon - Fri: 9am to 5pm(Except on Wednesdays 10am to 5pm) Sat - 9.15am to 2:00 pm Sun - 10am to 1pm
East Ham	149-153 High Street North, East ham E6 1HZ	Mon - Fri: 9am to 5pm(Except on Wednesdays 10am to 5pm) Sat - 10.00am to 3:00 pm Sun - 10am to 1pm
Golders Green	630-632, Finchley road London NW11 7RR	Mon - Fri: 9am to 5pm(Except on Wednesdays 10am to 5pm) Sat - 9.30am to 2:30 pm Sun - 10am to 1pm
Harrow	Unit 1, 1-9 St Ann's Road, Harrow, Middlesex, HA1 1AP	Mon - Fri: 9am to 5pm(Except on Wednesdays 10am to 5pm) Sat - 10.00am to 3.00 pm Sun - 10.00am to 1pm* *(No counter services)
Hounslow	196 High Street, Hounslow, Middlesex TW3 1HL	Mon - Fri: 9am to 5pm(Except on Wednesdays 10am to 5pm) Sat - 10.00am to 2.30 pm Sun - 10am to 1pm
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Leicester	25 Horsefair Street, Leicester LE1 5BP	Mon - Fri: 9am to 5pm(Except on Wednesdays 10am to 5pm) Sat - 9.45am to 2:30 pm Sun - 10am to 1pm
Manchester	Carlton house, 18 Albert square, Manchester M2 5PE	Mon - Fri: 9am to 5pm(Except on Wednesdays 10am to 5pm) Sat - 10.00am to 3.00 pm Sun - 10am to 1pm
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