SBM Bank India plans 26% stake sale, appoints consultant

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SBM Bank India is exploring a twenty-six percent stake sale to fund its expansion plans. The bank has appointed a consultant and is currently at the Expression of Interest stage. Parent entity has infused capital, and another infusion is expected this month. SBM Bank India aims for significant credit growth and is expanding its branch network. The bank is also strengthening its digital wealth proposition with a new investment platform.