Who We Are?

At SBM Bank India, we lead with agility and a solutions-focused-approach.

As the world expands, and its needs and expectations continue to grow, the ideas of yesterday can hardly define, decipher, or decode the complexities of an ever-evolving business landscape. The amalgamation of agile technology and banking expertise has not only enabled us to reach and deliver to a wider audience but also develop unique products with distinct propositions, which help deeper bonds with the customer. We deliver new-age banking and wealth solutions to enable our customers to make the most of their money.

Being a young Indian bank, we are decoding the new-age dynamics to create an exceptional banking experience through the Corporate, Retail and Treasury divisions. India’s youngest foreign bank and India’s first Universal Bank accredited by the RBI through its wholly-owned Subsidiary route, SBM Bank India commenced its India operations on 1st December 2018, and is now operational across  multiple strategic locations across the nation. With dedicated Private and Wealth offerings for a global clientele, our innovative approach, is helping us pave a new path in the world of banking. We are headquartered in Mumbai and have our branches in metropolitan cities including New Delhi, Mumbai, Chandigarh, Pune, Bengaluru, Chennai, Hyderabad, Ahmedabad, Kolkata, Ludhiana, Surat, Bhuj, Indore, Bhubaneswar, Navi Mumbai, along with the rural branches in Palghar – Galtare, Abitghar, Ten Naka, Khupari and Tivri.

Our team serves over 5 million customers and clients across the country. Equipped with a diversified talent pool, we are scaling our growth trajectory within one of the world’s most vibrant and large markets – India. Drawing from the expertise of our leadership team that comprises of seasoned experts from banking and financial services, and retail and technology sectors, we bring together the best of innovation, compliance and processes to deliver new-age banking experiences.

SBM Bank has four divisions – Corporate, Retail, Financial Markets, and Partnership-led Banking. This wide offering allows us to cater to a large and diverse customer base comprising new to credit, Micro Small and Medium Enterprises (MSMEs), Non-Resident Indians (NRIs) as well as High and Ultra High-Net Worth Individuals, and large corporates.

Being part of a global group, the Bank can leverage its parents’ Asia & Africa market presence and experience to cater to a globally aware and growing clientele, with ease. Being a growing young bank in India gives us the opportunity to be part of a large market with sustained capital flows, investments in socio-economic infrastructure and robust economic development.

Recent Key Highlights

We are part of SBM Group, the global banking conglomerate with a footprint of over 5 decades

We cater to over 5 million customers with a variety of banking, wealth and finance solutions

Total Assets Under Management as on 31st March 2024: INR ₹8900 Crores+

World Elite Metal Debit Card - The Gateway to Luxury.

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Innovative supply chain business solutions for MSMEs

Pragatishil Palghar – A collaborative approach for the district’s socio-economic upliftment.

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SBM Group

SBM Group is an established and reputed financial institution with a top tier position in Mauritius and a well-established regional presence across India, Madagascar, and Kenya. In addition to its respective domestic operations in different countries, the Group facilitates cross-border financing activities to promote trade and investment along the Asia-Africa corridor.

SBM Group started its operations in 1973 and now operates as an integrated BFSI player offering a suite of products and services encompassing deposits, lending, trade finance, treasury, asset management, leasing, stockbroking, custody, investments and payment services.

SBM Holdings Ltd is listed on the Stock Exchange of Mauritius and is consistently ranked among the Top 1,000 World Banks by The Banker Magazine, a publication of the Financial Times.

SBM Group

Our Vision

Become a trusted customer-centric bank by leveraging technology and providing efficient solutions leading to value creation for all stakeholders.

Our Mission

To achieve strong and sustainable returns for our shareholders and support the development of the community at large.

Leadership & Management

BOARD OF DIRECTORS

Mr. Raoul Gufflet

Mr. Raoul Gufflet

Non Executive Director

Mr. Umesh Jain

Mr. Umesh Jain

Independent Director

Ms. Mariam Rajabally

Ms. Mariam Rajabally

Non-Independent Non-Executive Director

Mr. Abizer Diwanji

Mr. Abizer Diwanji

Independent Director

Ms. Pallavi Kanchan

Ms. Pallavi Kanchan

Independent Director

Mr. Anantha Subrahmanya Dhananjaya

Mr. Anantha Subrahmanya Dhananjaya

Independent Director

Mr. Sanjeev Lall

Mr. Sanjeev Lall

Additional (Non-Executive) Independent Director

Mr. Ashish Vijayakar

Mr. Ashish Vijayakar

Managing Director & CEO

Mr. Amit Jagdhari

Mr. Amit Jagdhari

Whole-time Director and CFO

MANAGEMENT TEAM

Mr. Ashish Vijayakar

Mr. Ashish Vijayakar

Managing Director & CEO

Mr. Amit Jagdhari

Mr. Amit Jagdhari

Executive Director & CFO

Mr. Prakash Jaiswal

Mr. Prakash Jaiswal

Head – Corporate Banking

Mr. Nikhil Ganesh Rajadhyaksha

Mr. Nikhil Ganesh
Rajadhyaksha

Head – Retail Banking

Mr. Mandar Pitale

Mr. Mandar Pitale

Head - Financial Markets

Mr. Satya Prakash Sarangi

Mr. Satya Prakash Sarangi

Chief Risk Officer

Mr. Sabyasachi Ganguly

Mr. Sabyasachi Ganguly

Chief Compliance Officer

Ms. Smita Nair

Ms. Smita Nair

Head - Internal Audit

Ms. Sajitha Pillai

Ms. Sajitha Pillai

Head - Human Resources

Mr. Pravin Bhosle

Mr. Pravin Bhosle

Chief Information Officer

Corporate Social Responsibility (CSR)

Our responsibility towards the community is driven by our belief in the power of small, with a large vision and the right intent. Akin to the butterfly effect wherein a small change can bring about large differences, we, at SBM Bank believe that the small possess the potential to evolve into something big and strong.

Corporate Social Responsibility
Investor Corner
Investor Corner
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Media Room
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Our Branches

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