Economic TimesLean R·
Capital Boost: SBI stake sales add over Rs 13,500 cr to kitty
State Bank of India anticipates a significant payout from asset management and stock exchange stake sales. These sales will strengthen the bank's capital position and support future loan expansion. The bank is selling a stake in its asset management company through an initial public offering. Later this year, SBI will also offer shares in the National Stock Exchange IPO. These combined transactions will enhance SBI's net worth and financial flexibility.
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