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In 1994, SBM opened its first overseas branch in Mumbai, India. In 1995, the bank was listed on the Stock Exchange of Mauritius. Then in 1997 the South African bank Nedcor acquired 20.1% of SBM's voting equity. That same year SBM opened its second branch in India in Chennai, and the next year one in Hyderabad, India.
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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 .
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SBM Bank (Kenya) Limited (previously known as Fidelity Commercial Bank Limited), is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya , the country's central bank and national banking regulator.
Lallmatie is a village in Mauritius located in the western part of Flacq District. [2] It occupies a latitude around -20.1897222 and a longitude around 57.6611111. [ 3 ] It has a density of 793.5/km2 (2,055/sq mi) and a total population of around 11,910 inhabitants.