Know more about Societe Generale, the oldest bank of France, and its working in India.

Societe Generale

One of the oldest banks of France, Societe Generale is a prime European financial services company having a considerable international existence. Tours Societe Generale in the business district of La Defense, Nanterre, west of Paris, serves as its head office. Societe Generale comprises of three major departments dealing in Retail Banking & Specialized Financial Services, Corporate and Investment Banking and Global Investment Management & Services. The name "Societe Generale" is frequently cut short and recited as SocGen in the global financial world. This financial institution is accounted on strong fundamentals to help its customers in development and support of the economy of various sectors and industries. The bank leads with 11,000 professionals in more than 33 countries across Europe, USA and Asia-Pacific.

Presence In India
Societe Generale (corporate and investment banking) marked its presence in India back in the year 1978 and provides a large range of financial products to the Indian market. Starting off as a representative office, it opened a full time branch office in 1985. SG CIB inaugurated its second branch in New Delhi in 1993. The bank on the basis of India's sustained economy accompanied by enhanced credit demand and investment basket, has been continuously elevating its Indian ambitions and accelerating its extension with the development of seven new business activities to accomplish almost eleven varied activities. The group's ambition is to structure a universal bank presence and Societe Generale keeps on looking for the development of new activities here. Also the bond of Indo-French relationship has been acting favorably for the growth of Societe Generale in India. Till now the staff strength in India is over 2,000.

Products And Services
SG CIB India guarantees global quality and high standards in all its businesses with customers, including Indian corporate, MNCs, and foreign and local banks. The bank deals in a number of businesses in the country. They are International Retail Banking, Societe Generale Corporate and Investment Banking (Including SG Asia Holdings), Asset Management joint venture with State Bank of India (SBI), Private Banking, ALD Automotive, Family Credit, Life Insurance joint venture with Indiabulls, Securities Services joint venture with SBI, Societe Generale Global Solution Centre and joint venture with Calyon named Newedge. The commercial transactions are done quite efficiently and effectively on debt capital markets, structured finance, fixed income, currencies, derivatives, forex options and Interest rate derivative which also includes exotics in non-INR currencies, vanilla INR forex options/interest rate derivatives, payment services, trade services, cash & clearing services in EUR, USD, JPY and CHF.

Head Office
Societe Generale
13 Maker Chambers IV Nariman Point
Mumbai - 400021