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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.[15]
Products and services
SBM Bank (India) Ltd. focuses on retail banking products under the brand "SBM Private Wealth" and customized wholesale banking products.[16][17]
Tie-ups and Partnerships
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SBM Bank taps partnerships to grow India operations.[18]
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.[19][20]
SBM Bank India to empower for MSME exporters through collaboration with Drip Capital.[21][22][23][24]
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 3โ5 days time.[25][26][27]
SBM Bank India tied up with CredAvenue for NBFCs and fintec.[28][29]
SBM Bank India taps 30 fintechs to grow deposit operations.[30]
Vested Finance and SBM Bank come together to offer forex transfers.[31][32][33]
Paisabazaar introduces its neo-lending strategy, launches Step Up Credit Card with SBM Bank India.[34][35]
Niyo and SBM Bank India come together to offer Niyo Global experience for passport holders.[36][37]
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.[38][39]
U GRO Capital and SBM Bank India together launch โGRO Smart Businessโ credit cards targeted to MSMEs.[40]
SBM Bank India along with Mastercard facilitate cross border transactions, remittances.[41][42]
LoanTap in association with SBM Bank and Rupay, launches limitless prepaid cards.[43]
SBM EnKash RuPay Business Card through RuPay network will offer a host of unique amenities designed for SMEs, MSMEs, and start-ups.[44]
SBM Bank India taps Vakrangee for Banking Business Correspondent (BC) service.[45]