Bank SBI Botswana Limited

From Wikipedia, the free encyclopedia

Bank SBI Botswana Limited
TypePublic
Subsidiary of State Bank of India
ISINBW00000449537
IndustryFinancial services
FoundedJanuary 27, 2006; 15 years ago (2006-01-27)
Headquarters
Gaborone
,
Botswana
Key people
  • Subbaramaiah Ramesh Rajapur (Chairman)
  • Pramod Pal (MD & CEO)
[1]
ProductsLoans, checking, savings, mortgages, debit and credit cards, wealth management, investments, etc.
Increase BWP:1,212,553 (US$106,850) (2020)[1]
Total assetsBWP:347,923,566 (US$30.66 million) (2020)[1]
OwnerSBI
Websitewww.sbibotswana.co.bw

Bank SBI Botswana Limited, formerly State Bank of India Botswana Limited, was a commercial bank in Botswana. It is was licensed by the Bank of Botswana, the central bank and national banking regulator.[2] The bank voluntarily surrendered its banking license and exited the country effective 30 June 2021. The bank's customer accounts were transferred to Bank of Baroda Botswana.[3]

Location[]

The headquarters and main branch of the bank were located on the 2nd Floor at the Exponential Tower, in the central business district of Gaborone, Botswana's capital city.[4] The geographical coordinates of the bank's headquarters are 24°39'07.5"S, 25°54'10.0"E (Latitude:-24.652083; Longitude:25.902778).[5]

Overview[]

As of 31 March 2020, Bank SBI Botswana Limited had total assets of BWP:347,923,566 (US$30.66 million), with shareholders equity of BWP:115,930,172 (US$10.22 million). Bank SBI Botswana Ltd has surrendered its banking license on 30th June 2021 and wound up business in Botswana. [1]

History[]

The company was registered in Botswana as a limited liability company, on 27 January 2006. On 29 July 2013, State Bank of India (Botswana) Limited, was granted a banking licence by the Bank of Botswana.[6] It opened its first branch in Gaborone, on 26 November 2013. The name of the Bank was changed from State Bank of India Botswana Limited to Bank SBI Botswana Limited on 30 June 2015. On 30 June 2021, Bank SBI Botswana voluntarily surrendered its banking license, transferred customer accounts to Bank of Baroda Botswana and exited the country.[7]

Ownership[]

Bank SBI Botswana Limited is a 100 percent subsidiary of State Bank of India, a Mumbai, India-based financial services conglomerate, whose total assets exceed US$590 billion and whose shares are traded on the stock exchanges in Mumbai and London.[8]

Governance[]

The bank has since been wound up with effect on 30 June 2021. [9]

See also[]

References[]

  1. ^ a b c d Bank SBI Botswana Limited (June 2020). "Bank SBI Botswana Limited: Annual Financial Statements For The Year Ended 31 March 2020". Gaborone: Bank SBI Botswana Limited. Retrieved 28 July 2020.
  2. ^ Bank of Botswana (28 July 2020). "Commercial Banks Licensed in Botswana". Gaborone: Bank of Botswana. Retrieved 28 July 2020.
  3. ^ Xinhua (2 June 2021). "State Bank of India to close Botswana operation by June". Xinhuanet.com. Beijing, China. Retrieved 22 August 2021.
  4. ^ Bank SBI Botswana Limited (28 July 2020). "Bank SBI Botswana Limited: Contact Us". Gaborone: Bank SBI Botswana Limited. Retrieved 28 July 2020.
  5. ^ Google (28 July 2020). "Location of the headquarters of Bank SBI Botswana Limited" (Map). Google Maps. Google. Retrieved 28 July 2020.
  6. ^ Andrew Sesinyi (29 July 2013). "State Bank of India (Botswana) Limited Granted Banking License" (PDF). Gaborone: Bank of Botswana. Retrieved 28 July 2020.
  7. ^ Mmegi (23 April 2021). "Bank SBI closure catches workers by surprise". Mmegi Online. Gaborone, Botswana. Retrieved 22 August 2021.
  8. ^ Bank SBI Botswana Limited (28 July 2020). "Bank SBI Botswana Limited Is A 100 Percent Owned Subsidiary of State Bank of India". Gaborone: Bank SBI Botswana Limited. Retrieved 28 July 2020.
  9. ^ Bank of Botswana (1 April 2021). "Surrender Of A License To Transact Banking Business" (PDF). Bank of Botswana. Gaborone, Botswana. Retrieved 22 August 2021.

External links[]

Coordinates: 24°39′7.5″S 25°54′10″E / 24.652083°S 25.90278°E / -24.652083; 25.90278

Retrieved from ""