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Commercial bank From Wikipedia, the free encyclopedia
SBM Bank India is a subsidiary of the State Bank of Mauritius. It was the first bank to receive a banking license from the India's banking regulator Reserve Bank of India (RBI) to establish a universal banking business in the country as a wholly owned subsidiary.[2][3][4] It was incorporated on 1 December 2018 as a private sector bank headquartered in Mumbai.[5][6][7] It also operates from New Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, Ahmedabad, Kolkata, Chandigarh, Ludhiana, Surat, and in the rural centers of Ramachandrapuram and Palghar.[8][9][10][11][12][13][14]
This article reads like a press release or a news article and may be largely based on routine coverage. (November 2022) |
Company type | Public |
---|---|
Industry | Finance and Insurance |
Founded | 1st December 2018 |
Headquarters | , |
Key people | Ashish Vijayakar(MD and CEO)[1] |
Products | Banking |
Number of employees | 350+ |
Parent | SBM Holdings Ltd |
Website | www |
This article or section appears to contradict itself. (November 2022) |
SBM Bank (India) Ltd. is a step-down subsidiary of SBM Holdings Ltd, a listed entity in the Mauritius Stock exchange, promoted by the Government of Mauritius, brought its rich experience to India by setting up the Indian Operations in 1994.[15]
SBM Bank (India) Ltd. focuses on retail banking products under the brand "SBM Private Wealth" and customized wholesale banking products.[16][17]
This article may be too long to read and navigate comfortably. (November 2022) |
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