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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] [6] [7] [8] New Delhi , Bengaluru , Chennai , Hyderabad , Ahmedabad , and in the rural centers of Ramachandrapuram and Palghar .[9] [10] [11] [12] [13] [14] [15]
History [ edit ]
This article or section
appears to contradict itself .
Please see the talk page for more information. (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.[16]
Products and services [ edit ]
SBM Bank (India) Ltd. focuses on retail banking products under the brand "SBM Private Wealth" and customized wholesale banking products.[17] [18]
Tie-ups and Partnerships [ edit ]
SBM Bank taps partnerships to grow India operations.[19]
SBM Bank India partners with Lendingkart to offer overdraft facility for working capital to MSMEs. SBM Bank offers a customised overdraft facility to over 1,00,000 customers of Lendingkart, largely MSMEs .[20] [21]
SBM Bank India to empower for MSME exporters through collaboration with Drip Capital.[22] [23] [24] [25]
SBM Bank India re-imagines credit card experience in partnership with OneCard. SBM Bank India did the Collaboration with OneCard to extend mobile-based credit cards. With in-app on-boarding, the virtual card can be activated & used instantly, while the physical card is delivered to the customer in as less as 3–5 days time.[26] [27] [28]
SBM Bank India tied up with CredAvenue for NBFCs and fintec.[29] [30]
SBM Bank India taps 30 fintechs to grow deposit operations.[31]
Vested Finance and SBM Bank come together to offer forex transfers.[32] [33] [34]
Paisabazaar introduces its neo-lending strategy, launches Step Up Credit Card with SBM Bank India.[35] [36]
Niyo and SBM Bank India come together to offer Niyo Global experience for passport holders.[37] [38]
Niyo with SBM Bank India and VISA now offers a digital savings account with travel-friendly product Niyo Global. Along with zero-forex mark-up, customers can now earn an attractive interest p.a. on the savings account.[39] [40]
U GRO Capital and SBM Bank India together launch ‘GRO Smart Business’ credit cards targeted to MSMEs.[41]
SBM Bank India along with Mastercard facilitate cross border transactions, remittances.[42] [43]
LoanTap in association with SBM Bank and Rupay , launches limitless prepaid cards.[44]
SBM EnKash RuPay Business Card through RuPay network will offer a host of unique amenities designed for SMEs, MSMEs, and start-ups.[45]
SBM Bank India taps Vakrangee for Banking Business Correspondent (BC ) service.[46]
Finin collaborates with SBM Bank India.[47]
Arya announces its collaboration with SBM Bank India to tap the mid-market segment, including mid-corporates and higher-end SMEs.[48]
Vakrangee partners with SBM Bank India to take Smart Banking to Indian hinterlands.[49]
Bharti AXA Life tied up with SBM Bank India for insurance distribution.[50] [51]
SBM Bank India and PayNearby come together to democratize financial investments.[52] [53] [54]
References [ edit ]
^ 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.
^ "RBI approves State Bank of Mauritius merger with Indian subsidiary" . The New Indian Express . 2 December 2018.
^ Abraham, Thomas (18 February 2020). "SBM Bank (I ) will focus on rural markets through collaborative approach, says Sidharth Rath" . @businessline .
^ Mohan, Raghu (3 August 2020). "We intend to use open architecture to build scale: SBM Bank's Sidharth Rath" – via Business Standard.
^ "SBM Bank Bets On Tie-ups To Grow India Operations; Not To Add Branches" . Moneycontrol .
^ "SBM Bank India ties up with Lendingkart to offer overdraft facility for working capital to MSMEs" . Zee Business . 10 September 2021.
^ "SBM Bank India collaborates with Lendingkart to market unique tailormade Overdraft facility" . www.indiainfoline.com .
^ "SBM Bank India collaborates with Drip Capital to empower MSME exporters" . The Economic Times . 6 July 2021.
^ "Drip Capital partners with SBM Bank India to empower MSME exporters" . @businessline . 7 July 2021.
^ Network, Knn India-Knowledge & News. "SBM Bank India partners with Drip Capital to boost MSME exports" . knnindia.co.in .
^ "What bank-fintech tie-ups mean for MSMEs, others in India beyond lending, payments" . 28 October 2021.
^ "SBM Bank India Collaborates with OneCard to extend mobile-based credit cards" . 7 September 2021.
^ "SBM Bank and OneCard to Launch Mobile-Based Credit Card" . Fortunly .
^ "SBM Bank partners with OneCard to launch mobile-based credit card" . Press Trust of India. 6 September 2021 – via Business Standard.
^ "SBM Bank India partners with CredAvenue for NBFCs and fintechs - Times of India" . The Times of India . June 2021.
^ "SBM Bank India logs on to CredAvenue as Platform Partner" . 28 May 2021.
^ "SBM Bank ties up with 30 fintechs to grow deposits - Times of India" . The Times of India . 28 July 2021.
^ "Vested Finance ties up with SBM Bank for forex transfers" . mint . 13 October 2021.
^ Harrison, Polly Jean (17 October 2021). "Vested Finance Partners with SBM Bank India To Make Desposts for US Investing Easier" .
^ "SBM's partner Vested to help Indians buy US stocks online - Times of India" . The Times of India . 14 October 2021.
^ "Paisabazaar rolls out its neo-lending strategy, launches Step Up Credit Card with SBM Bank India" . 22 June 2021.
^ Pioneer, The. "Paisabazaar, SBM bank announce to launch Step Up credit card" . The Pioneer .
^ "Niyo with SBM Bank India now offers a digital savings account" . 1 December 2021.
^ "Niyo and SBM Bank to launch upgraded Niyo Global experience for passport holders" .
^ "Niyo, SBM Bank announce offer for digital savings account" . Free Press Journal .
^ "SBM Bank India set to launch a neo banking platform" . @businessline . 13 November 2020.
^ Network, BFSI (8 April 2021). "U GRO Capital, SBM Bank India partner to launch 'GRO Smart Business' credit card for MSMEs" .
^ "SBM Bank India, Mastercard to facilitate cross border transactions, remittances" . mint . 6 July 2020.
^ "WorldRemit Introduces Transfer Tracking App" . www.pymnts.com . 16 September 2020.
^ "Digital lending platform LoanTap launches limitless prepaid cards in association with SBM Bank, Rupay" . Free Press Journal .
^ "SBM Bank India, EnKash, YAP and RuPay launch business credit card" . @businessline . 23 July 2020.
^ Market, Capital (4 December 2020). "SBM Bank India partners with Vakrangee to provide banking services" – via Business Standard.
^ "Finin launches as neobanking platform, partners with SBM Bank India" . Business Today . 3 December 2020.
^ Network, BFSI (12 August 2021). "Arya, State Bank of Mauritius Bank partner to offer financing solutions" .
^ "Vakrangee ties with SBM Bank India to offer Smart Banking to the unbanked India" . www.indiainfoline.com .
^ "Bharti AXA Life partners with SBM Bank India for insurance distribution" . The Economic Times . 18 August 2020.
^ Srivats, K. R. (18 August 2020). "Bharti AXA Life, SBM Bank India enter into bancassurance partnership" . @businessline .
^ "New platform floated by SBM Bank India and PayNearby ease the process of financial investments | Indiablooms - First Portal on Digital News Management" . Indiablooms.com .
^ "SBM Bank India and PayNearby announce launch of Nivesh" .
^ "SBM Bank Ties Up With PayNearby To Offer 'open Banking' To Masses" . Moneycontrol .
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R e t r i e v e d f r o m " https://en.wikipedia.org/w/index.php?title=SBM_Bank_India&oldid=1228386409 " C a t e g o r i e s : ● P r i v a t e s e c t o r b a n k s i n I n d i a ● B a n k s o f I n d i a ● I n d i a n b r a n d s ● B a n k i n g i n I n d i a ● F i n a n c i a l s e r v i c e s c o m p a n i e s b a s e d i n M u m b a i H i d d e n c a t e g o r i e s : ● A r t i c l e s w i t h s h o r t d e s c r i p t i o n ● S h o r t d e s c r i p t i o n m a t c h e s W i k i d a t a ● U s e d m y d a t e s f r o m J u n e 2 0 2 2 ● U s e I n d i a n E n g l i s h f r o m J u n e 2 0 2 2 ● A l l W i k i p e d i a a r t i c l e s w r i t t e n i n I n d i a n E n g l i s h ● S e l f - c o n t r a d i c t o r y a r t i c l e s f r o m N o v e m b e r 2 0 2 2 ● A l l s e l f - c o n t r a d i c t o r y a r t i c l e s ● A r t i c l e s t h a t m a y b e t o o l o n g f r o m N o v e m b e r 2 0 2 2
● T h i s p a g e w a s l a s t e d i t e d o n 1 0 J u n e 2 0 2 4 , a t 2 3 : 3 7 ( U T C ) . ● T e x t i s a v a i l a b l e u n d e r t h e C r e a t i v e C o m m o n s A t t r i b u t i o n - S h a r e A l i k e L i c e n s e 4 . 0 ;
a d d i t i o n a l t e r m s m a y a p p l y . B y u s i n g t h i s s i t e , y o u a g r e e t o t h e T e r m s o f U s e a n d P r i v a c y P o l i c y . W i k i p e d i a ® i s a r e g i s t e r e d t r a d e m a r k o f t h e W i k i m e d i a F o u n d a t i o n , I n c . , a n o n - p r o f i t o r g a n i z a t i o n . ● P r i v a c y p o l i c y ● A b o u t W i k i p e d i a ● D i s c l a i m e r s ● C o n t a c t W i k i p e d i a ● C o d e o f C o n d u c t ● D e v e l o p e r s ● S t a t i s t i c s ● C o o k i e s t a t e m e n t ● M o b i l e v i e w
