State Bank of India to divest stake in SBI Life.
Global Banking News-October 17, 2016--State Bank of India to divest stake in SBI Life
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Global Banking News - 17 October 2016
State Bank of India (NSE: SBI) has said that it is to divest a stake in SBI Life.
The bank said that it is to divest its 5 percent stake in SBI Life to a non-promoter entity. SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Cardif.
The Indian bank owns 74 percent of the total capital and BNP Paribas Cardif holds the rest.
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|Publication:||Global Banking News (GBN)|
|Date:||Oct 17, 2016|
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