The Bank of Mauritius has revoked the banking licence of Silver Bank Limited with immediate effect, according to a public notice. The action was taken under section 11(1)(h) of the Banking Act, and the licence issued to the bank on 11 November 2021 now stands revoked. The notice follows an earlier step on 30 March 2026, when the Bank of Mauritius terminated the conservatorship of Silver Bank Limited and appointed Huns Biltoo of KPMG Mauritius as Receiver of the bank with immediate effect under section 75 of the Banking Act.
Bank of Mauritius 2026-04-30
Bank of Mauritius revokes Silver Bank Limited banking licence with immediate effect
The Bank of Mauritius has revoked the banking licence of Silver Bank Limited with immediate effect under section 11(1)(h) of the Banking Act, rendering the licence issued on 11 November 2021 void. This follows the termination of conservatorship on 30 March 2026 and the appointment of Huns Biltoo of KPMG Mauritius as Receiver under section 75 of the Banking Act.