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Sbm Bank
3.6
based on 66 Reviews
Company Overview
Company Locations
Working at Sbm Bank
Company Summary
SBM Bank India offers Private banking & corporate banking solutions primarily catering to NRIs, HNIs & UHNIs for services like Accounts & Deposits, Cards & Loans.
Overall Rating
3.6/5
based on 66 reviews
5% below
industry average
Critically rated for
Promotions, Work satisfaction, Job security
Work Policy
Work from office
82% employees reported
Alternate Saturday off
61% employees reported
Flexible timing
62% employees reported
No travel
49% employees reported
View detailed work policy
Top Employees Benefits
Health insurance
4 employees reported
Job/Soft skill training
3 employees reported
Cafeteria
2 employees reported
Professional degree assistance
1 employee reported
View detailed benefits
About Sbm Bank
Founded in--
India Employee Count51-200
Global Employee Count--
Headquarters--
Office Locations
--
Websitesbmbank.co.in
Primary Industry
Other Industries
--
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SBM Bank India creates an exceptional banking experience through Corporate, Retail, and Treasury divisions. As a digital-forward and tech-first premium banking institution, SBM Bank India offers a suite of best-in-class solutions designed for personalized experiences. The bank commenced its operations in India on December 1, 2018, and is accredited by the RBI through the Wholly-Owned Subsidiary route.
Part of a multinational group, SBM Bank India leverages its parent’s market presence in Asia and Africa to provide seamless products and solutions, trailblazing the financial landscape with creative wealth thinking.
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Sbm Bank Ratings
based on 66 reviews
Overall Rating
3.6/5
How AmbitionBox ratings work?
5
22
4
14
3
15
2
2
1
13
Category Ratings
3.7
Salary
3.7
Work-life balance
3.6
Company culture
3.4
Skill development
3.3
Job security
3.3
Work satisfaction
3.2
Promotions
Sbm Bank is rated 3.6 out of 5 stars on AmbitionBox, based on 66 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Sbm Bank
based on 64 reviews
3.8
Rated by 14 Women
Rated 4.2 for Work-life balance and 3.8 for Company culture
3.6
Rated by 50 Men
Rated 3.6 for Work-life balance and 3.6 for Salary
Work Policy at Sbm Bank
based on 22 reviews in last 6 months
Work from office
82%
Hybrid
14%
Permanent work from home
4%
Sbm Bank Reviews
Top mentions in Sbm Bank Reviews
Compare Sbm Bank with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.6/5 based on 66 reviews | 3.8/5 based on 308 reviews | 3.0/5 based on 124 reviews | 3.8/5 based on 216 reviews |
Highly Rated for | No highly rated category | Work-life balance Company culture | No highly rated category | Work-life balance Job security |
Critically Rated for | Promotions Job security Work satisfaction | No critically rated category | Company culture Promotions Work satisfaction | Promotions |
Primary Work Policy | Work from office 82% employees reported | - | Work from office 86% employees reported | Hybrid 93% employees reported |
Rating by Women Employees | 3.8 Good rated by 14 women | 4.0 Good rated by 79 women | 3.4 Average rated by 37 women | 3.6 Good rated by 72 women |
Rating by Men Employees | 3.6 Good rated by 50 men | 3.7 Good rated by 192 men | 2.8 Poor rated by 81 men | 3.9 Good rated by 136 men |
Job security | 3.3 Average | 3.7 Good | 3.0 Average | 3.8 Good |
View more
Sbm Bank Salaries
Sbm Bank salaries have received with an average score of 3.7 out of 5 by 66 employees.
Deputy Manager
(32 salaries)
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₹5.4 L/yr - ₹12.8 L/yr
Assistant Vice President
(22 salaries)
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₹19 L/yr - ₹36.8 L/yr
Deputy Vice President
(13 salaries)
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₹30 L/yr - ₹43 L/yr
Relationship Manager
(12 salaries)
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₹6.1 L/yr - ₹14.7 L/yr
Location Head
(7 salaries)
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₹19 L/yr - ₹26.5 L/yr
Officer
(7 salaries)
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₹3.3 L/yr - ₹5.5 L/yr
AVP
(6 salaries)
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₹25.1 L/yr - ₹27.5 L/yr
Deputy Manager Operations
(6 salaries)
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₹4.4 L/yr - ₹10.3 L/yr
Finance Manager
(5 salaries)
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₹16.5 L/yr - ₹20.5 L/yr
Credit Analyst
(5 salaries)
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₹6.2 L/yr - ₹19 L/yr
Sbm Bank Jobs
Popular Designations Sbm Bank Hires for
Popular Skills Sbm Bank Hires for
Current Openings
Sbm Bank News
RBI’s Pivot Drives Investors To Bet On Gain In Indian Bonds
- Investors are positioning for a rally in Indian bonds on bets the central bank will go for more interest-rate cuts this year to power the economy.
- The nation's benchmark 10-year yield may drop to 6.4% by June, according to SBM Bank (India) Ltd.
- Trust Mutual Fund predicts a decline to as low as 6.25% by December.
- After its first easing in five years last month, the Reserve Bank of India may consider further interest-rate reductions.
Bloomberg Quint | 10 Mar, 2025
Bank Partnerships Add Value, But Can’t Sustain Fintech Startups: Jupiter CEO Jitendra Gupta
- Jupiter CEO Jitendra Gupta believes in maintaining a fine balance between partnerships with traditional lenders and innovation in neobanking to ensure success.
- Jupiter is set to acquire a stake in Mauritius-based SBM Bank, following Slice becoming the first startup to acquire a stake in North-East Small Finance Bank in 2023.
- Founded in 2019, Jupiter offers various financial services and has raised $170 Mn from investors.
- Jupiter narrowed its losses by 16% to INR 275.94 Cr in FY24 with a significant revenue growth and wider margins.
- CEO Gupta emphasizes the importance of unique solutions, customer satisfaction, and future-proof platforms for fintech sustainability amidst regulatory challenges.
- Gupta stresses the need to balance innovation with regulatory compliance, integrate compliance early, and focus on long-term trust and profitability.
- Jupiter is advised to stay focused on solving meaningful problems, delivering value, and maintaining a deep understanding of the market for successful fundraising.
- VC sentiment towards the Indian fintech ecosystem is positive, with emphasis on sustainable business models and clear paths to profitability.
- Investors now focus on compliance frameworks, adapting to regulations, and building user trust in the post-RBI crackdown era.
- Jupiter's governance emphasizes strong boards, diverse expertise, best practices, and a transparent, ethical framework.
Inc42 | 4 Mar, 2025
RBI Begins Deliberations On Monetary Policy Rate Cut
- Reserve Bank of India (RBI) has started deliberations on monetary policy amid expectations of a 25 basis-point rate cut, SundayGuardianLive reported.
- This would be the first cut in five years as inflation remains within the Central Bank's comfort zone, though the sliding rupee remains a concern.
- Newly appointed Reserve Bank Governor Sanjay Malhotra has been chairing his first Monetary Policy Committee meeting since Wednesday.
- Experts believe that the situation is now conducive for a rate cut as it will complement the initiatives announced in the Union Budget to push a consumption-led demand growth.
- An State Bank of India research report said the consumer price index based retail inflation is expected to come down to 4.5% in the fourth quarter and average 4.8% in the financial year.
- Pradeep Aggarwal, founder and chairman, Signature Global (India), said a potential repo rate cut could be a pivotal move in shaping the country's economic momentum.
- Rohit Arora, CEO and co-founder, Biz2Credit and Biz2X said the RBI's decision to maintain the repo rate steady provides predictability for business planning credit-linked solutions.
- The Union Budget recently announced major income tax concessions to boost demand.
- Mandar Pitale, Head Treasury, SBM Bank India, said it would be prudent to start the rate easing cycle in the forthcoming February MPC meeting.
- The decision of the six-member panel will be announced on Friday, February 7, 2025.
Bloomberg Quint | 5 Feb, 2025
SBM Bank’s holistic approach to talent development
- SBM Bank is prioritizing talent development through a holistic approach.
- The bank has implemented several initiatives, such as the E3-Sales Capability Building Programme, the Emerging Leaders Programme (ELP), and the Competency Development Framework & 360-Degree Assessments.
- These initiatives empower employees to take charge of their success and align their growth with the bank's goals.
- SBM Bank believes that investing in people leads to transformative growth, excellence, and enduring success.
HRKatha | 18 Nov, 2024
Jupiter parent's net loss shrinks in FY24 amid surge in operating revenue
- Amica Financial Technologies, the parent company of Jupiter, reported a narrowed net loss for FY24.
- Revenue from operations surged nearly five-fold, reaching Rs 35.85 crore.
- Total expenses were reduced by 7%, but employee benefit expenses rose by 22.9%.
- Jupiter received approval to issue prepaid payment instruments and is in discussions to acquire a stake in SBM Bank India.
Yourstory | 12 Nov, 2024
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Sbm Bank FAQs
How many employees does Sbm Bank have in India?
Sbm Bank currently has approximately 100+ employees in India.
Does Sbm Bank have good work-life balance?
Sbm Bank has a Work-Life Balance Rating of 3.7 out of 5 based on 60+ employee reviews on AmbitionBox. 55% employees rated Sbm Bank 4 or above, while 45% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Sbm Bank work-life balance reviews for more details
Is Sbm Bank good for career growth?
Career growth at Sbm Bank is rated as moderate, with a promotions and appraisal rating of 3.2. 45% employees rated Sbm Bank 3 or below, while 55% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Sbm Bank reviews for more detailed insights.
What are the cons of working in Sbm Bank?
Working at Sbm Bank does have some drawbacks that potential employees should consider. The company is poorly rated for promotions / appraisal, work satisfaction and job security, based on 60+ employee reviews on AmbitionBox.
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