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State Bank of Mauritius Ltd
The second largest bank of Mauritius named State Bank of Mauritius started its operation in the country in the year 1973. The bank has never looked back since its inception and serves its country with active participation in managing the financial affairs of the country.
Today’s State Bank of Mauritius plays key role in the country with its present share in the domestic market having achieved the position of nearing 25% but its own which is definitely a big contribution by a single bank on country level.
By now the State Bank of Mauritius runs through its corporate office and 42 branches in the Mauritius itself alongside three Indian branches in the major Indian metropolitan cities.
While formed four decades ago, the present day State Bank of Mauritius was named State Commercial Bank then. This bank came out of the country in 1994 to work as international banking player when established its first overseas branch in Mumbai in India. The subsidiary bank which State Bank of Mauritius opened in Madagascar in 1998 was its other big achievement.
The next two years saw two other milestones while this bank opened its branches in Indian metropolitan cities of Chennai and Hyderabad that welcomed its arrival wholeheartedly.
State Bank Of Mauritius Ltd Details:
IFSC Code of Banks In India