SBM Bank India

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SB M Bank India

Company type	Public
Industry	Finance and Insurance
Founded	1st December 2018
Headquarters	Mumbai , India
Key people	Ashish Vijayakar(MD and CEO)[1]
Products	Banking
Number of employees	350+
Parent	SBM Holdings Ltd
Website	www.sbmbank.co.in

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.^[2][3][4] It was incorporated on 1 December 2018 as a private sector bank headquartered in Mumbai.^[5][6][7] It also operates from New Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, Ahmedabad, Kolkata, Chandigarh, Ludhiana, Surat, and in the rural centers of Ramachandrapuram and Palghar.^{[8][9][10][11][12][13][14]}