SBM Bank (India) Ltd. commenced operations on 1st December 2018 as the 1st universal bank in the country to receive a banking license from the Reserve Bank of India (RBI) through the Wholly Owned Subsidiary (WOS) route. We currently operate in most of the major metropolitan cities namely Mumbai, New Delhi, Bengaluru, Chennai, Hyderabad, Ahmedabad, also including the rural centres like Ramachandrapuram and Palghar and have begun to build a multichannel digital product suite to cater to customer’s needs.
Backed by our parent, SBM Group, we have built a respected and visible brand in the past three years. Led by MD & CEO - Sidharth Rath, the Bank's management team comprises experienced professionals from the banking, retail and technology sectors. This talent pool is attempting to bring together the best of innovation, compliance and processes to build a new-age banking experience.
The Bank is headquartered in Mumbai and has 350+ employees across the country and operates with agility, collaboration and efficiency – making it profitable in the third full year of operations since inception.
The Bank has 3 business divisions - Corporate, Retail and Treasury – through which it caters to its customers across India – comprising retail customers, MSMEs, NRIs as well as large corporates and institutions. Being a part of a global group, the Bank also offers seamless products and solutions to leverage its parents' Asia & Africa market presence and understanding.
At SBM Bank India, our attempt is to start a Small Big Revolution by endeavouring to reach and light up a million lives through a collaborative and progressive approach that we call Smart Banking. We intend to create smart new possibilities for tomorrow by investing in scalable technology, customizable multiple channel delivery platforms, and smart collaborations – with a core focus on accessibility, affordability and availability round-the-clock.Explore Now
An exclusive Banking offering that enables customers to protect their assets, indulge to the maximum and expand their wealth. Be it our best-in-class accounts and deposits, world-class card privileges, thoughtfully designed financing and investments solutions, or proficient Relationship Managers– the solutions and services of SBM Bank India's Private Wealth are designed by experts and customized to individual preferences.Explore Now
Draw from a range of powerfully global dedicated resources that offer an extensive spectrum of elite handpicked solutions for your investing, financing, and wealth planning goals while you indulge in an immersive banking experience with SBM Bank India's Private Wealth International.Explore Now
We cater to the holistic requirements across corporate banking including trade finance, corporate financing, as well as partnering financial institutions. The huge trade patronage enjoyed by our parent group across the Indian Ocean Region and Africa helps us add tremendous value to our clients. At the same time, we have associated with partner banks globally across geographies including Europe, the US, SAARC, South Asia, Oceania, the Middle East and Africa region.EXPLORE NOW
Our Bank’s Treasury provides solutions that help navigate businesses through the corporate cycle. The vertical comprises the following core functions: