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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. ....
SBM bets on tie-ups to grow India operations; not to add branches Top Searches SBM bets on tie-ups to grow India operations; not to add branches Apr 19, 2021, 16:06 IST FacebookTwitterLinkedinEMail (Representative image) MUMBAI: 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 told PTI. ....
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RBI sets tone right to boost economy; liquidity support, widening of G-sec mkt welcome steps: Bankers SECTIONS RBI sets tone right to boost economy; liquidity support, widening of G-sec mkt welcome steps: BankersPTI Last Updated: Feb 06, 2021, 11:46 AM IST Share Synopsis The Reserve Bank of India in its final monetary review of this fiscal decided to keep the key repo rate at which it lends short term capital to banks unchanged at 4 per cent with an accommodative stance to support growth and ensure there are no adverse price pressures. Monetary Policy highlights: RBI restores CRR, allows online access to government securities market ....