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SBM Bank bets on tie-ups to grow India ops; not to add branches SECTIONS Last Updated: Apr 19, 2021, 12:57 PM IST Share Synopsis DBS, the only other wholly-owned subsidiary, acquired struggling private sector lender Lakshmi Vilas Bank last year, which gave it access to 563 branches. Reuters The bank is not keen on adding to its brick and mortar branch network, which right now consists of six outlets in metro cities and two in unbanked rural areas, Rath said SBM Bank India, the wholly-owned subsidiary of the Mauritian government s SBM, is betting on partnerships with fintechs and non-bank entities to grow its business here and is not interested in growing its branch network like DBS Bank India did with an acquisition, a top official has said. SBM Bank India wants to grow its business through granular liabilities collection and booking fees by aiding in various banking transactions, its managing director and chief executive Sidharth Rath said.

Neeraj sinhaSidharth rathSbm bank indiaBank indiaState bankCurrent account savingSbm bankLakshmi vilas bankState bank of mauritiusநீரஜ் சீன்ஹாசிடார்த் ரத்சப்ம் வங்கி இந்தியாவங்கி இந்தியாநிலை வங்கிசப்ம் வங்கிலட்சுமி விலாஸ் வங்கி