SBM Group

SBM Group (SBM) is the second largest bank in Mauritius with a market share of about 25% of domestic banking assets. It has 42 domestic branches, and three branches in India. The government of Mauritius established SBM in 1973 under the name State Commercial Bank. In 1994, SBM opened its first overseas branch in Mumbai. SBM Bank (Mauritius) Ltd is regulated by the Bank of Mauritius.