SBM bank india
SBM bank India is insisting on partnering with fintech and non-banking institutions to grow its business.
Let us tell you that DBS Bank acquired private sector Laxmi Vilas Bank last year, which has 563 branches. Rath said, “DBS has its own strategy. Yes, they (DBS) have done mergers and acquisitions … We are also looking to do so, but through partners. ”
When asked if he would be interested in such partnerships or deals where ownership changes, he said he is currently pushing for growth through technology-based and digital platforms.
He said that in the future, no one knows what the form of SBM will be, but it will be only under its parent group State Bank of Mauritius. In this way, he also did not rule out the possibility of a strategic partnership, a public issue or a takeover like DBS.