Bank of Mauritius

With RBI approval, DBS opens India subsidiary

At present, only 10 per cent of the bank’s loans are in the retail segment with corporate loans making up the rest.

published on : 5th March 2019

RBI approves State Bank of Mauritius merger with Indian subsidiary

On November 21, State Bank of Mauritius, which has received a licence as a scheduled commercial bank in India, appointed Sidharth Rath as managing director.

published on : 2nd December 2018

State Bank of Mauritius appoints Sidharth Rath as MD of India operation

Following the approval, the SBM Bank (India) Limited will start operation as scheduled commercial bank under the Banking Regulation Act, 1949 with effect from December 1, 2018, it said.

published on : 21st November 2018

Bank of Mauritius says stolen money recovered

The SBM said it had lost Rs 143 crore in cyber fraud committed at its Nariman Point branch in Delhi on October 2.

published on : 13th October 2018

Cyber fraud: State Bank of Mauritius recovers 90 per cent money

The SBM said that some unknown persons have hacked into its servers to illegally access various accounts and managed to transfer the monies to multiple accounts outside the country.

published on : 12th October 2018