Ashish Vijayakar Appointed as MD & CEO of SBM Bank India

"Ashish Vijayakar said, ""I want to express my gratitude to the Board for giving me the leadership role in guiding SBM Bank India towards the next phase of growth."" With effect from February 17 for a period of three years, Ashish Vijayakar has been named Managing Director and Chief Executive Officer of SBM Bank India. The statement was released on Friday. A division of the State Bank of Mauritius is SBM Bank India. The appointment was made in compliance with the sanction given by the Reserve Bank of India (RBI) in a letter dated February 6, 2024, according to a statement. Vijayakar is a seasoned banker, having worked in the banking and financial services sectors for nearly thirty years. He has previously served as Standard's MD and Co-Head. Ashish Vijayakar has been named as the Managing Director and Chief Executive Officer (MD & CEO) of SBM Bank India. Ashish Vijayakar has been appointed as the Managing Director & Chief Executive Officer (MD & CEO) of SBM Bank India, a subsidiary of the State Bank of Mauritius. The Reserve Bank of India (RBI) has authorized the appointment in accordance with a letter dated February 6, 2024, and it will take effect on February 17, 2024. Knowledge and Skill. In his new position, Ashish Vijayakar brings a breadth of experience, especially in the areas of risk management, innovation, business transformation, and adjusting to shifting business conditions. His broad expertise and varied skill set make him an excellent choice to guide SBM Bank India through its subsequent stage of expansion and improvement. Background in Education Ashish Vijayakar is certified as a chartered accountant (CA) by the Institute of Chartered Accountants of India and has a Bachelor of Commerce degree from Bombay University.

He also holds an LLB (General) degree from Bombay University, proving his dedication to lifelong learning and career advancement. Key lessons learned from all competitive exams SBM Bank in India Founded on December 1, 2018; Mumbai, India serves as the headquarters of SBM Bank India. ""We are confident that Ashish, along with the current management team, will reinforce the existing bonds between the bank and its stakeholders and provide seamless continuity to the service to our customers while enhancing the spectrum of strategic endeavors of the bank with his expertise,"" stated Sattar Hajee Abdoula, Chairman of SBM Bank India. His vision and unrelenting commitment to excellence are a perfect fit with our goals and desires."