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IAG to sell stake in SBI General Insurance: Report

15 Jan 2019 Evaluate

Insurance Australia Group (IAG) is reportedly considering selling stake in SBI General Insurance Company, a joint venture between State Bank of India (SBI) and IAG. The group has started early talks to hire an investment bank to manage the sale process. The group holds 26% in the SBI General Insurance.

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.

Peers
Company Name CMP
State Bank Of India 940.65
PNB 115.50
Bank Of Baroda 234.10
Canara Bank 117.20
Union Bank Of India 172.95
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