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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. It was incorporated on 1 December 2018 as a private sector bank headquartered in Mumbai. It also operates from New Delhi, Bengaluru, Chennai, Hyderabad, Ahmedabad, and in the rural centers of Ramachandrapuram and Palghar.
References
- ↑ "SATIN Share Price - 328.20 INR, Satin Creditcare Network stock price today, Live updates". The Economic Times. Retrieved 16 March 2019.
- ↑ Marya, Ritu (25 June 2018). "This Microfinance Institution Wants to Help Rural Indian Women to Fulfill their Dreams of Entrepreneurship". Entrepreneur. Retrieved 26 March 2019.
- ↑ "Satin Creditcare to focus on rural space for housing portfolio". cnbctv18.com. 14 August 2018. Retrieved 26 March 2019.
- ↑ Roy, Shobha (27 December 2018). "Satin Creditcare to create separate subsidiary for SME business: CMD". @businessline. Retrieved 26 March 2019.
- ↑ "At A Glance – SATIN CREDITCARE NETWORK LTD" . Retrieved 26 March 2019.
- ↑ "Satin Creditcare Network Chairman Speech | Latest speech by Chairman of Satin Creditcare Network". The Economic Times. Retrieved 14 April 2022.
- ↑ "Satin Creditcare to focus on rural space for housing portfolio". cnbctv18.com. 14 August 2018. Retrieved 24 April 2019.
- ↑ Surabhi (19 September 2018). "Satin Creditcare plans to launch MFI business in Tamil Nadu next month". @businessline. Retrieved 24 April 2019.
- ↑ Dhasmana, Indivjal (4 September 2018). "Micro finance company Satin to hive off its MSME lending business". Business Standard India. Retrieved 24 April 2019.