RBI directs SBM Bank (India) to immediately stop remittance transactions

Jan 23, 2023

The Reserve Bank of India has directed SBM Bank (India) Ltd to stop all transactions under Liberalised Remittance Scheme (LRS) with immediate effect.

RBI partially relaxes remittance transaction restrictions on SBM Bank (India)

Feb 01, 2023

The RBI said the relaxation came after the bank initiated corrective actions and made a submission for relaxation of the restrictions.

India tops global remittance charts at USD 125 billion in 2023: World Bank report

Dec 18, 2023

According to the World Bank, the report highlights India's significant position as the top remittance recipient, drawing attention to the evolving dynamics in the...

SBM Bank India Launches World Elite Metal Debit Card - An On-request Gateway to a World of Luxury for the Uber-affluent Indian

Jun 09, 2023

Mumbai (Maharashtra) [India], June 9: SBM Bank India today unlocked exclusive, on-invitation access to the world of luxury with the launch of the SBM...

Bharti Axa Life, SBM Bank forge bancassurance partnership

Aug 18, 2020

New Delhi [India], Aug 18 : Bharti Axa Life Insurance on Tuesday announced its bancassurance partnership with SBM Bank India, one of the youngest...

StashFin Partners with SBM Bank India to Launch Contactless Prepaid Cards

Jan 30, 2021

Mumbai (Maharashtra) [India], January 30 (ANI/ VRPR Digital): Singapore-based neobanking startup StashFin and SBM Bank India today announced the launch of their co-branded contactless...