State Bank of India (SBI) has planned to buyout the entire stake of over 13 per cent held by three other banking partners in SBI Global Factors (SBIGFL). The other three banking partners are SIDBI, Bank of Maharashtra and Union Bank of India. The decision was taken in a meeting of the Executive Committee of Central Board (ECCB) of SBI held on March 29, 2022.
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.
