State Bank of India Implements Policy Framework for New Trade Regulations

State Bank of India has launched a policy framework to assist customers with new foreign exchange reporting regulations for exports and imports, effective October 1, 2026. The bank is one of only two institutions among 90 to offer such guidance, addressing challenges faced by service exporters and MSMEs who must complete a complex five-page Export Declaration Form to receive payments. This initiative aims to clarify compliance requirements amidst industry confusion.