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