Herman Gref heads Russian-Indian Business Council

Gref is expected to strengthen the Council’s role in fostering bilateral business ties and expanding the participation of Russian and Indian businesses, ranging from major corporations, state-owned entities, and financial institutions to small and medium-sized businesses.

Under Gref’s leadership, the Council is expected to undergo restructuring, while business relations between Russia and India are set to reach a new technological and institutional level. Plans are in place to strengthen the Council’s role in fostering bilateral business ties and expanding the participation of Russian and Indian businesses, ranging from major corporations, state-owned entities, and financial institutions to small and medium-sized businesses.

The Council is set to establish specialized industry committees and elevate the level of Russian-Indian business events, such as by hosting an annual business forum attended by governments and businesses of both nations. 

PJSC Sberbank is Russia’s largest bank and a leading global financial institution. Holding almost one-third of aggregate Russian banking sector assets, Sberbank is the key lender to the national economy and one of the biggest deposit takers in Russia. The Government of the Russian Federation represented by the Ministry of Finance of the Russian Federation is the principal shareholder of PJSC Sberbank owning 50% plus one voting share of the bank’s authorized capital, with the remaining 50% minus one voting share held by domestic and international investors.