trending Market Intelligence /marketintelligence/en/news-insights/trending/ryVhl97_qJJqs_9UhnX26g2 content esgSubNav
In This List

Report: State Bank of India exploring sale of stake in life insurance JV

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on LGD

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing


Report: State Bank of India exploring sale of stake in life insurance JV

State Bank ofIndia is exploring a sale of an up to 5% stake in , withplans to complete a deal in the fiscal third quarter ending Dec. 31, Mint reported Oct. 7, citing "threepeople aware of the development," including a senior official at the bank.

The bank is in talks with private equity funds for a sale,which could bring in as much as 19.50 billion Indian rupees. SBI CapitalMarkets Ltd. is advising the bank, one of the people said.

A stake sale prior to SBI Life Insurance's IPO would help thecompany figure out an indicative price for the offering, one of the people said.

SBI Life Insurance is a joint venture between State Bank ofIndia and BNP ParibasCardif.

As of Oct. 6, US$1 wasequivalent to 66.77 Indian rupees.