MoneyWorks4Me

SBI informs about disclosure

19 Sep 2018 Evaluate

Pursuant to the applicable provisions of the SEBI (LODR) Regulations, SBI has informed that Central Board of SBI at its meeting held today has given approval for transfer of the existing Merchant Acquiring Business (MAB) of the Bank to its wholly owned subsidiary, SBI Payment Services Pvt. Ltd. (SBIPSPL). The Bank intends to subsequently induct a JV partner with proven global expertise in this business in SBIPSPL.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
State Bank Of India 984.50
PNB 116.80
Bank Of Baroda 232.40
Canara Bank 123.90
Union Bank Of India 177.45
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