Welcome to the official LinkedIn handle of SBM Bank India.
Company Overview:
SBM Bank (India) Ltd commenced operations on December 1, 2018. It was the first banking institution to have been granted a license by the Reserve Bank of India to operate as a scheduled commercial bank - offering universal banking services through the wholly-owned subsidiary route. SBM Bank India is a step-down subsidiary of SBM Holdings Ltd. (the erstwhile State Bank of Mauritius Ltd.), a listed entity in the Mauritius Stock Exchange, promoted by the Government of Mauritius.
Armed with world-class deposit and asset products and the latest technology, the Bank seeks to cater to a holistic customer base comprising of retail customers, small businesses, NRIs, retail institutions, Indian corporates, financial institutions, public sector undertakings, multinational companies, and mid-market companies.
The Bank has also designed its products to offer a premium experience – placing relationships first to ensure a higher degree of customisation. As a result, the Bank has opted for a collaborative route over a competitive one – taking banking solutions to existing and prospective clients through direct channels and third-party platforms.
Set on the course of growth, the Bank continues to keep the momentum amidst a global pandemic – making up for the slowdown in business through strengthening its systems and focus. Being a new player, the digital prowess of the Bank offers superior infrastructure support to function as seamlessly despite the physical restrictions. The core philosophy of “Banking for a smarter tomorrow” has been tested and accelerated owing to the unprecedented crisis.
Today, while the world limps to normalcy, the strengths of the Bank in terms of preferring collaboration over competition, digital over physical and niche over generic banking has given it a head-start to perform amidst the new normal.
Location: India, Maharashtra, Mumbai
Employees: 501-1000
Phone: +91 22 43028808
Founded date: 1994
Mentions in press and media 22
Date | Title | Description | Source |
05.04.2024 | Fixed deposit rates in April 2024: Why it's prime time for F... | The Reserve Bank of India (RBI) on Friday decided to keep the policy rate unchanged for the seventh ... | business-s... |
04.03.2024 | Despite higher risk weights, banks’ credit card exposure up ... | Banks’ credit card exposure continued to grow at a fast pace of over 30 per cent, despite the higher... | thehindubu... |
18.01.2024 | State Bank of India raises Rs 5,000 crore in capital via AT1... | State Bank of India (SBI), the country’s largest lender, has raised Rs 5,000 crore in capital throug... | business-s... |
10.01.2024 | State Bank of India raises $600 million through dollar bonds | State Bank of India (SBI), the country’s largest lender, raised $600 million by issuing a five-year ... | business-s... |
31.07.2023 | State Bank of India raises Rs 10,000 crore via infra bonds a... | State Bank of India, the country’s largest lender, has raised Rs 10,000 crore through 15-year infras... | business-s... |
13.07.2023 | State Bank of India raises Rs 3,101 crore through AT1 bond a... | Country’s largest lender, State Bank of India (SBI), has raised Rs 3,101 crore capital via additiona... | business-s... |
09.06.2023 | SBM Bank India Launches World Elite Metal Debit Card - An On... | Mumbai, Maharashtra, India SBM Bank India today unlocked exclusive, on-invitation access to the worl... | newsvoir.c... |
18.04.2023 | State Bank of India board approves raising up to $2 bn via l... | State Bank of India board approves raising up to $2 bn via long term debt 2 min read . Updated: 18 A... | livemint.c... |
03.04.2023 | SBM Bank India’s Fintech Partners In A Fix; What’s Brewing?... | The bank India has 1 Mn+ credit card accounts and only a few thousand of them (users) have been sent... | inc42.com/... |
08.03.2023 | State Bank of India raises Rs 3,717 cr from its third AT1 bo... | The nation's largest lender State Bank of India on Wednesday raised Rs 3,717 crore through additiona... | business-s... |
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