VTB Bank
in India 🇮🇳
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About VTB Bank in India
VTB Bank (formerly Vneshtorgbank, meaning International Trade Bank) is a Russian majority state-owned bank headquartered in St. Petersburg, Russia. In India, VTB operates through a branch in New Delhi, serving corporate clients and facilitating financial transactions between Russia and India. VTB Bank is Russia's second-largest bank and forms part of VTB Group, a leading Russian financial conglomerate.
The India branch focuses on corporate and commercial banking services, particularly supporting Russian companies operating in India and Indian businesses engaged in trade with Russia. As of 2022, over 90% of VTB's capital stock is owned by Russian government agencies.
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