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SBI to take up to 3 years more to list general insurance arm

18 Dec 2019 Evaluate

State Bank of India (SBI) is expecting to take upto three years more to list its general insurance arm. The bank will list its asset management company before SBI General Insurance.

SBI had last year listed its life insurance arm and the proceeds came in handy to fight difficulties in asset quality.

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 980.00
PNB 123.90
Bank Of Baroda 241.50
Canara Bank 119.75
Union Bank Of India 186.15
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