In a grand celebration of Bank Day, Mr Somnath Adhya, MD & CEO of SBI (Mauritius) Ltd, a subsidiary with a 97.6% stake held by the State Bank of India, reflected in his speech on the remarkable journey and achievements of the bank. The event was attended by esteemed guests, including Her Excellency Shrimati Nandini Singla, High Commissioner of India, heads of various organizations, and representatives from Indian Public Sector Undertakings (PSUs).
The history of State Bank of India traces back to 1806, starting with the Bank of Calcutta, a precursor to the present SBI. Today, SBI stands not just as a bank but as an institution, a beacon of trust, and a symbol of India’s banking prowess, proudly listed in the Fortune 500. With a global presence spanning 30 countries, SBI has evolved into a global phenomenon.
SBI (Mauritius) Ltd, deeply embedded in the Mauritian community, operates with 13 retail branches, including a presence in Rodrigues Island, and a dedicated Global Business Branch. The institution aspires to be more than a financial entity, striving to be a partner in progress for every Mauritian.
At the heart of the bank’s operations in Mauritius lies its exceptional team of over 230 professionals, each contributing unique expertise to ensure the bank excels in service and innovation. The bank acknowledges the profound support from its loyal customers, whose unwavering trust has been the backbone of SBIML’s accomplishments.
In a rapidly changing world, Mr Somnath Adhya, recognizes the importance of SBI (Mauritius) Ltd staying ahead. Plans include continued investment in digital banking and upgrading facilities for enhanced customer convenience.
In conclusion, the journey of SBI (Mauritius) Ltd in Mauritius is a narrative of partnership, growth, and shared dreams. The institution looks forward to a future filled with promise, progress, and prosperity. The celebration marked not only the bank’s achievements but also its commitment to excellence and partnership with the Mauritian community.