Its board approved a plan to divest 4 per cent stake in its general insurance arm to funds managed by Axis Bank Ltd and Premji Invest.
SBI customers of Delhi, NCR and Uttarakhand can attend this programme in 41 locations, the bank said.
State Bank of India (SBI), the country’s top lender, said on Wednesday its board approved a plan to divest 4 per cent stake in its general insurance arm to funds managed by Axis Bank Ltd and Premji Invest.
SBI will divest 8.6 million shares in SBI General Insurance Company Ltd for 4.82 billion rupees (USD 66.42 million) to Axis New Opportunities AIF-I and PI Opportunities Fund-I, it said in a statement.
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