SBM Bank India is exploring the sale of a 26% stake to raise funds for expansion and has appointed a consultant to manage the process. The bank is currently at the Expression of Interest stage.
Its parent company recently infused ₹75 crore into SBM Bank India and has indicated it will provide additional capital to support growth plans.
SBM Bank India is pursuing significant credit growth and is expanding its digital wealth offerings as part of its expansion strategy.
- Proposed stake sale: 26%
- Stage: Expression of Interest
- Consultant appointed to oversee the process
- Parent infusion: ₹75 crore, with further capital planned
- Strategic focus: credit growth and digital wealth offerings
