Russian banking giant Sberbank has purchased two business towers in New Delhi and plans to use the properties for a Russia-India trade and cooperation hub, it said at the Eastern Economic Forum in Vladivostok.The Towers, which are under construction, are expected to be completed by 2028. The acquisition was part of the bank’s expansion in India, which includes real estate, Sberbank First Deputy Chairman Aleksandr Vedyakhin said in a statement, Russian State run news agency TASS reported.Sberbank announced plans in June to open a Russian Business Center in New Delhi, saying it would offer Russian companies operating in India access to banking services as well as legal, tax, and audit support, RT reported on Thursday. The bank has operated in India for more than 15 years, with offices in New Delhi and Mumbai, and an IT hub in Bengaluru. It also has plans to expand its presence to ten Indian locations, RT informed.Also read | India's economy breaks a 35-year barrier to enter A-rated clubThe expansion comes as India and Russia seek to widen economic ties. The two countries have set a target of $100 billion in annual trade by 2030 and smoother payment mechanisms is now a priority.