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About SBI Mauritius

About SBI Mauritius

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SBI (Mauritius) Ltd, a subsidiary of State Bank of India, is a steady and strong player in the banking landscape of Mauritius with aspirations to grow as a long term stake holder in the Mauritian Economy. SBI (Mauritius) Ltd has presence in the beautiful island country since 1989, as SBI (International) Mauritius Ltd, focussing on Global Banking Business. The Bank has grown in tandem with the economy of Mauritius, which has emerged as a major International Financial Centre. The Parent Bank, State Bank of India, expanded its footprints in the economy of Mauritius in 2005, by acquiring a stake in Indian Ocean International Bank (IOIB) Ltd., which had a good retail presence in the country since 1979. On 25.10.2008, SBI (International) Mauritius Ltd amalgamated with Indian Ocean International Bank, and was renamed as SBI (Mauritius) Ltd. Over the years, SBI (Mauritius) Ltd has posted a healthy growth to emerge as a steadily growing mid-sized bank amidst the highly competitive banking environment of Mauritius.

SBI (Mauritius) Ltd is having 14 fully integrated - 13 Retail Branches covering major areas of Mauritius, including Rodrigues Island, and 1 Global Business Branch at Ebene in Mauritius. Apart from Branch Banking, customers also have the convenience of 24x7 ATM Banking at 20 ATMs across the length and breadth of the country. Bank also has a 24x7 robust Internet Banking Channel enabling customers to work from their homes and offices. Bank will be soon launching Mobile Banking Services for customers and applications on Smart Phones.

The Bank operates in both offshore as well as domestic sector offering products and services in Global, Corporate, Retail and Personal Segment. The products are competitively priced and have been designed keeping in view the needs of different segments of society.

The Mission of SBI (Mauritius) Ltd is to create a strong and vibrant banking institution with global reach, having world class technology, products and services based on the core values of Integrity, Customer Care and sound Corporate Governance. Apart from following Best International Practices, the Bank is committed to be a responsible corporate citizen and a significant player in the Mauritian Banking Sector.

Our parent bank, State Bank of India (SBI), with a 211 year history, is the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees. The origins of State Bank of India date back to 1806 when the Bank of Calcutta (later called the Bank of Bengal) was established. In 1921, the Bank of Bengal and two other banks (Bank of Madras and Bank of Bombay) were amalgamated to form the Imperial Bank of India. In 1955, the Reserve Bank of India acquired the controlling interests of the Imperial Bank of India and SBI was created by an act of Parliament to succeed the Imperial Bank of India. With the merger of five of its Associate Banks on 01.04.2017, SBI has been transformed into a banking behemoth making it to the top 50 banks in the world with a Balance Sheet size of over US$ 635 billion (INR 41 trillion), over 277,000 employees and 500 million customers. SBI has presence outside India with 193 offices in 35 countries.

SBI's non-banking subsidiaries / joint ventures are market leaders in their respective areas and provide wide ranging services, which include Life insurance, General Insurance, Investment Banking, Mutual Funds, Credit Cards, Factoring Services, Security Trading and Primary Dealership etc., making the SBI Group a truly large financial supermarket and India's financial icon. SBI has arrangements with over 1,500 various international / local banks to exchange financial messages through SWIFT in all business centres of the world to facilitate trade related banking business, reinforced by dedicated and highly skilled team of professionals.

 

PRIVACY POLICY

SBI (Mauritius) Ltd is synonymous with trust and security. In line with recognized best International Practices and for the information of customers and others who visit the Bank's website we believe it is necessary to post a privacy statement. The information shared with the Bank will be treated as private. We also desire to say explicitly that adequate precautions have been taken to protect information relating to customers and their dealings with the Bank from the mischievous and the fraudsters. Customer confidentiality and privacy is of utmost concern to SBI (Mauritius) Ltd. Our employees treat the information we have concerning your accounts in the same responsible and confidential way that we want our own financial affairs treated.

OUR MISSION

To create a strong and vibrant banking institution with global reach, having world class technology, products and based on the Core Values of Integrity, Customer care and sound Corporate Governance.

OUR VISION

To be the first choice solution provider for all banking Services. To be a symbol of trust, efficiency and courteous Service. To protect and promote interests of all Stakeholders through well trained and, upright and dedicated professionals. To strive for constant improvement in products, processes and delivery channels.

OUR GOAL

 To achieve Customer's Delight

BOARD OF DIRECTORS

 

Non Executive Directors

Mr Chalasani Venkat Nageswar (Chairman)

Mr Sanjay Dattatraya Naik

Mr Ramesh Subbaramaiah Rajapur

Mr Rama Sundara Satyanarayana Brahmandam

Executive Director

Mr. S.S. Asthana (Managing Director & CEO)

Independent Directors

Mr. G Gopee

Mrs B.K Maudarbocus-Boodoo

SENIOR MANAGEMENT

Mr. S.S. Asthana Managing Director & CEO
Mr. Mukesh Arya Chief Operating Officer
Ms. Shashi Prabha Chief Risk Officer
Mr. Umesh Chandra Sahu Vice President (Information Technology)
Mr. Debasish Ratha Vice President (Corporate Banking)
Mr. Tajinder Pal Singh Vice President (Retail Banking)
Mr. K. Ramkhelawon Vice President (Accounts & Services) & HR
Mr. Patitapaban Parida Vice President (Treasury & Planning)
Mr. A.B. Mosaheb Vice President (Compliance) & Company Secretary.
Mr. S.S.Ramakrishna Vice President, Global Business Branch
MANAGERS
Mr. Amit Kumar Manager (Global Business)
Mr. Prakash Panda Manager (Global Business)
Mr. Zafar H. Siddiqui Manager (Risk)
Mr. Rajesh Singh Manager (Systems)
Mr. R. Yovich Chineah Manager (Legal & Compliance)
Mr. Brij Kumar Ramlaul Manager (Human Resources)
Mrs. Abidah Bahemia Manager (Internal Audit)
Mr. Arvind Sihmar Manager (Treasury Back Office)
Mr. Deepak Sharma Manager (Corporate Banking)
Mr. Rajesh Bhundhoo Manager (Trade Finance)
Mr. B. Mungur Manager (Compliance) & MLRO
Mr. Kamlesh Choudhary Dealer
Mr. Vineet Kumar Dealer
Mr. Indracoomarsingh Gungah Manager (Corporate)
Mr. Sidharth Ramlagan Manager (Accounts)

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