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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 .
SBM Bank (Kenya) is a privately held institution. It is a subsidiary of Mauritian based SBM Holdings. One other shareholder is the private equity firm Duet Group of the United Kingdom, which acquired its shareholding in March 2016 for KSh1.9 billion (approx. US$19 million).
Switching to an online-only bank can matter when it comes to the interest you earn and the fees you pay. Here's how digital banks differ from brick-and-mortar banks. ... Updated January 24, 2025 ...
SMBC has been an early adopter of AI in its banking operation. It is the first Japanese bank to use IBM Watson since 2014 to support operators at its call center. [8] AmiVoice, a voice recognition solution provided by SMBC, transforms inquiries into text on a real-time basis as a speech recognition system, while IBM Watson gives customers responses taken from service manuals and Q&As, thereby ...
Opening a bank account online saves time and eliminates the hassle of visiting a local bank branch to set up an account. ... 24/7 Help. For premium support please call: 800-290-4726 more ways to ...
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