SBM Bank traces its institutional history back to the establishment of the State Bank of Mauritius in 1973 under the ownership of the Government of Mauritius, growing into a leading financial services group on the island and expanding across regional African and international markets. In 2018, SBM Bank made history by becoming the first foreign bank to receive a banking license from the Reserve Bank of India to operate as a wholly owned subsidiary via the universal banking route, establishing SBM Bank India to deliver comprehensive corporate, retail, and digital banking solutions.