 | 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 | Sidharth Rath (MD and CEO)[1][2] |
| Products | Banking |
Number of employees | 350+ |
| Parent | SBM Holdings Ltd |
| Website | www |
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.[3][4][5] It was incorporated on 1 December 2018 as a private sector bank headquartered in Mumbai.[6][7][8] It also operates from New Delhi, Bengaluru, Chennai, Hyderabad, Ahmedabad, and in the rural centers of Ramachandrapuram and Palghar.[9][10][11][12][13][14][15]
- ^ "Inculcating the art and science of risk management and broader governance culture is critical for startups: Sidharth Rath, CEO, SBM Bank India". ANI News.
- ^ "SBM Bank India appoints Sidharth Rath as managing director & CEO - Times of India". The Times of India. 20 November 2018.
- ^ Rebello, Joel. "SBM plans calibrated expansion of units in India". The Economic Times.
- ^ "State Bank Of Mauritius To Operate As Local Subsidiary; To Double Branches, Eyes Rs 5000 Cr Biz In Two Years". Moneycontrol.
- ^ "SBM Bank (India) Ltd becomes first foreign bank to set up wholly owned subsidiary in India".
- ^ "SBM Bank India unveils SBM Private Wealth".
- ^ "SBM Bank India inaugurates first-of-its-kind container branch at Maharashtra". www.psuconnect.in.
- ^ "SBM Bank aims to add up to six branches in FY21". @businessline. 6 January 2020.
- ^ "Mauritius PM inaugurates SBM Bank (India) Ltd in Mumbai". Business Standard India. 25 January 2019.
- ^ "Focusing deposits, State Bank of Mauritius plans major branch expansion". 4 March 2019.
- ^ "SBM Bank (India) Limited: First foreign bank to set up a Wholly Owned Subsidiary (WOS) in India". www.ciol.com.
- ^ "SBM Bank India Wants To Be An Amazon Of Banking". Moneycontrol.
- ^ Sharma, Bhaktvatsal. "SBM Bank (India) Envisions An Expansion Of 16 Branches By The Year 2022". BW Businessworld.
- ^ "Mauritius PM inaugurates SBM Bank (India) Ltd in Mumbai". 25 January 2019 – via Business Standard.
- ^ "Mauritius' SBM gets RBI approval to merge operations with its Indian subsidiary". Press Trust of India. 1 December 2018 – via Business Standard.