About SBM Bank India
SBM Bank India
SBM Bank (India) Limited “SBM Bank India” 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 have today expanded to 8 locations (Mumbai, New Delhi, Bengaluru, Chennai, Hyderabad, Ahmedabad, 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 of 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 250+ employees across the country and operates with agility, collaboration and efficiency – making it profitable in the second 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 of retail customers, MSMEs, NRIs as well as large corporates and institutions. Being a part of a global group, the Bank also o¬ffers seamless products and solutions to leverage its parent’s Asia & Africa market presence and understanding.
Smart Banking - Taking “Banking” and not just the “Bank” to the customers
At SBM Bank India, we are attempting to start a small big revolution through a collaborative and progressive approach that we call Smart Banking. We are endeavouring to reach and light up a million lives, and 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.
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Private Wealth Management
An exclusive Banking and Wealth Management offering that enables customers to protect their assets, indulge to the maximum, and expand their wealth without boundaries. 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 Private Wealth Management are designed by experts and customized to individual preferences.
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Corporate Banking
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, US, SAARC, South Asia, Oceania, Middle East and Africa region.
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Treasury
Our Bank’s Treasury provides solutions that help navigate businesses through the corporate cycle. The vertical comprises of the following core functions:
- ALM market-facing activities comprising of management of Liquidity, Reserves, Liquidity ratios and Core Investments
- Proprietary Trading in Rates, Equity and Foreign Exchange
- Foreign Exchange Merchant desk catering to client flows and providing solutions to the clients for their exposures in foreign currency
Focus on Information Technology and Security
SBM Bank India has continued to invest in its digital prowess since its inception. The focus always was to build an always-on, anywhere and ever-reliable plug-and-play platform that could be scalable and secure at the same time. As a digital-first Bank, we operate in a highly automated environment and make use of the latest technologies to support various operations. The Bank has also put in place governance framework and policies to mitigate information technology-related risks.