Showing posts with label SBI gains. Show all posts
Showing posts with label SBI gains. Show all posts

Monday, 12 December 2016

SBI gains as board approves stake sale in life insurance arm

SBI gains as board approves stake sale in life insurance arm State Bank of India (SBI) was up 1.1% at Rs 269 on the National Stock Exchange (NSE) in early morning trade after the state-owned bank said that it will divest 3.9% of its stake in SBI Life Insurance Company to global investment firms KKR and Temasek for Rs 1,794 crore ($264 million). “The Executive Committee of the Central Board