SBM Bank (India) Ltd., offers a diverse range of banking solutions in the Indian market, and aims to make banking easier and life more comfortable.

It is the first bank to receive a banking license from the Reserve Bank of India (RBI) to establish a universal banking business in India through the Wholly Owned Subsidiary (WOS) mode. We currently operate in Mumbai, Chennai, Hyderabad and Ramachandrapuram and we are in the process of opening branches in New Delhi and Bengaluru soon. Our aim is to shape a better tomorrow for you with innovative, digital solutions. SBM Group brought its rich experience to India by setting up the Indian Operations in 1994.

1st December 2018 holds momentous memories for all SBM employees in India. It was on this day that we, with great pride and immense pleasure, announced the news of SBM becoming the first foreign Bank in India to operate as a new Indian bank.

Our recent transition to WOS has enabled us to enhance our capability with a mix of domestic and offshore products, designed for resident individuals and corporates.

We intend to focus primarily on the domestic front steering our efforts on the mid-market segment, comprising of mid-corporates and higher-end SMEs. Our parent group's expertise in the Asia-Africa corridor helps us conjure a global perspective to reinforce our competencies in financing trade and investment capital flows, and thereby projecting us as a key financial partner in India, Africa and the Indian Ocean region.

SBM Bank India has profound domain expertise, and is led by a core team comprising of industry veterans having over a century of cumulative experience in banking and financial services. Under the proficient and experienced leadership of the management, we aspire to emerge as a key financial player in building one of the finest financial institutions in the country.

About SBM Group

As a leading banking and financial services provider, SBM Group, established in 1973, has a strong international presence, spanning Mauritius, Madagascar, Kenya, and India. With a market share of over 20% in domestic advances and deposits, the Group is consistently ranked among the top 1,000 world banks by The Banker Magazine, an international publication by the Financial Times, Ltd. The SBM Group offers superior solutions in the realm of banking, non-banking financial services as well as non-financial investments.

The Group is focused on delivering sophisticated, global banking services - deposit, credit, payments, investment, advisory and ancillary services - across multiple channels, including digital, to a wide range of customer segments including Personal, High Net Worth, SME, Corporate, International and Financial Institutions.

Read more

SBM Group Mission

  • To build lasting relationships with our customers by offering distinctive products and exceptional services.
  • To be the employer of choice for the top talent in the markets that we serve.
  • To prudently manage risks and costs.

SBM Group Vision

Our vision is to be the leading and most trusted financial services provider in Mauritius and beyond.

Meet The Team

  • Board of Directors
  • Management Team
  • Mr. Azim F. Currimjee

  • Mr. Sidharth Rath

    MD & CEO
  • Andrew Bainbridge

  • Vidianand Lutchmeeparsad

  • Mr. S.K. Bhattacharyya

    Independent Director
  • Mrs. Sudha Ravi

    Independent Director
  • Mr. Ameet N. Patel

    Independent Director
  • Mr. Shyam Sundar Barik

    Independent Director
  • Mr. Sidharth Rath

    MD & CEO
  • Mr. Siby Sebastian

    Deputy CEO & COO
  • Mr. Deepak Shimpi

    Chief Risk Officer
  • Mr. Mandar Pitale

    Head - Treasury
  • Mr. Talib Lokhandwala

    Chief Financial Officer
  • Mr. Neeraj Sinha

    Head - Retail
  • Mr. Dipak Agarwal

    Head - Corporate Banking
  • Mr. Rajeev Panikath

    Chief Information Officer
  • Ms. Sajitha Pillai

    Head - HR