SBM Bank (India) Limited: First foreign bank to set up a Wholly Owned Subsidiary (WOS) in India
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Mumbai (25 January, 2019): SBM Group, a diversified financial services provider and the second largest listed banking institution on the Stock Exchange of Mauritius, announced the launch of SBM Bank (India) Limited which will operate as a full-fledged universal bank. SBM Bank (India) Limited becomes the first foreign bank in India to obtain a banking licence from …