Sbm

Reserve Bank partially relaxes restrictions on SBM Bank up to March 15

Last week, the central bank had asked SBM to stop all transactions under the liberalised remittance scheme (LRS) until further notice

SBM Bank says engaging with RBI to address 'supervisory concerns'

The RBI, on Monday, ordered SBM Bank to stop all transactions under the liberalised remittance scheme (LRS) until further notice, citing "material supervisory concerns" but no further detail

How neobanks are set to disrupt $31 billion Indian fintech market

As the third largest fintech ecosystem in the world after the US and China, the Indian fintech market is poised for further disruption with the emergence of neobanks

SBM Bank partners with OneCard to launch mobile-based credit card

SBM Bank on Monday said it has partnered with fintech player OneCard to launch a mobile-based credit card

We intend to use open architecture to build scale: SBM Bank's Sidharth Rath

Sidharth Rath, MD and CEO, spoke to Raghu Mohan on the scale of the bank's ambition and the collaborative approach to rolling out business in its new avatar

State Bank of Mauritius plans to open six new branches in India under WOS

The bank expects to commence operations in September

State Bank of Mauritius to improve asset quality before converting into Indian subsidiary

Apart from SBM, DBS and ABN Amro Bank have also applied to RBI to convert their franchisees to local subsidiaries