SBI delays monetization of subsidiaries SBI General Insurance and SBI Payment Services for further scaling.
SBI Chairman Dinesh Kumar Khara has announced that the bank will wait to monetize its subsidiaries, SBI General Insurance and SBI Payment Services, after they further scale up their operations. This strategy is expected to raise their valuation and provide better returns for parent company State Bank of India (SBI). Monetization is set to occur through the capital market, but not in the current financial year.
June 16, 2024
5 Articles