2018
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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From which year Mauritius SBM bank started its operation in India?
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1994
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2015
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2017
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2014
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Explanation:
Detailed explanation-1: -In 1994, SBM opened its first overseas branch in Mumbai, India. In 1995, the bank was listed on the Stock Exchange of Mauritius.
Detailed explanation-2: -commenced operations on 1st December 2018 as the 1st universal bank in the country to receive a banking license from the Reserve Bank of India (RBI) through the Wholly Owned Subsidiary (WOS) route.
Detailed explanation-3: -Corporate Office 306 - A, The Capital, G block, Bandra-Kurla Complex, Bandra East, Mumbai 400051, Maharashtra.
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