/ SBI to divest 4% stake in SBI General Insurance Company ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 10 August 2018

State Bank of India (SBI) has received an approval from Executive Committee of Central Board (ECCB) to divest up to 4% of stake of SBI in SBI General Insurance Company to a non-promoter entity through Small Parcel Share Sate (SPSS). The ECCB at its meeting held on August 9, 2018, approved the same.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

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