SBM Bank (India), a wholly owned subsidiary of SBM Bank (Mauritius) Ltd, is considering selling a 26 per cent stake to raise funds to expand its operations in India, its Executive Director and CFO, Amit Jagdhari said."The bank has appointed a consultant for the process, and we are at the Expression of Interest stage. As you know, there are very regulatory processes involved, so it is very difficult to give a timeline," he said.The Executive Director clarified that the money realised from the sale of stake would be utilised as growth capital for SBM (India)Read more: ZET partners with SBM Bank for FD-backed credit cardThe official further said the parent company had infused Rs 75 crore in June, while another Rs 75 crore would be coming later this month to grow the business.The bank has aimed for credit growth of 32-35 per cent in FY27.Earlier on Monday, the bank opened its 23rd branch in Gurugram near Delhi.Jagdhari said SBM Bank India is also engaged in strengthening its digital wealth proposition alongside its physical expansion.Read more: SBM Bank India, ICICI Prudential Life Insurance forge bancassurance allianceThe bank recently launched an online mutual fund investment platform powered by Sprint Money to expand its digital wealth proposition. The platform was made available on both the bank’s Mobile Banking and Internet Banking applications, enabling customers to invest seamlessly across a wide range of mutual fund schemes.The platform also allows customers to access Morningstar ratings, portfolio analytics and comprehensive fund information, aiding them in their evaluation of investment opportunities and making informed decisions aligned with their financial goals and risk preferences.(With inputs from PTI)