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SBM is the second-largest bank in Mauritius with a market share of about 25% of domestic banking assets. As of June 2011 [update] , its total asset valuation was approximately US$3.34 billion (MUR:95.7 billion), with shareholders' equity of about US$557.1 million (MUR:16 billion).
SBM Bank India is a subsidiary of the State Bank of Mauritius. It was the first bank to receive a banking license from the India's banking regulator Reserve Bank of India (RBI) to establish a universal banking business in the country as a wholly owned subsidiary .
In 2013 the bank was accused of insider lending by top shareholders of the bank against CBK rules. [7] In November 2016, SEM listed SBM Group announced that it has reached an agreement to acquire a majority stake in the bank. [8] This process was concluded in May 2017 and the bank's name was changed to SBM Bank (Kenya) Limited. [9] [10]
HSBC Bank (Mauritius) Limited, part of HSBC Group; Investec Bank (Mauritius) Limited, part of Investec Group; MauBank Limited, state-owned; SBI (Mauritius) Limited, part of State Bank of India Group; SBM Bank (Mauritius) Limied; Silver Bank Limited (acquired BanyanTree Bank Limited) Standard Bank (Mauritius) Limited, part of Standard Bank Group
Rank Name of the Bank Year of Founding Year of Closing Fate Headquartered in References [1]; 1: The Madras Bank (1683) 1683: 1843: Merged with the Carnatic Bank, The British Bank of Madras (1795), and the Asiatic Bank to form the Bank of Madras in 1843
This is the Central Bank of Kenya's list of Licensed Microfinance Banks, updated in August 2024. [3]Caritas Microfinance Bank Ltd; Branch Microfinance Bank Ltd
Bank Name [4] [5] Bank name (in Arabic) Head Office (in UAE) Headquarters Stock code (if applicable) [2] [3] National Bank of Bahrain: بنك البحرين الوطني Abu Dhabi Manama, Bahrain: BSB: NBB: Rafidain Bank: مصرف الرافدين Abu Dhabi Baghdad, Iraq: Arab Bank: البنك العربي Abu Dhabi Amman, Jordan: ASE: ARBK ...
The Bank has correspondent & agency arrangements all over the world & offers spot services in 18 major approved currencies. State Bank of Mysore handles a significant part of day-to-day banking business of both the Central & State Governments in the State of Karnataka & is a Banker to various Public Sector Undertakings in various sectors of ...