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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1029.75
-47.80 (-4.44%) SBI to sell up to 5% stake in NSE
Date: 18-05-2016State Bank of India (SBI) is planning to sell part of its holding in National Stock Exchange (NSE) through a competitive bidding process, where it owns 15% stake. The bank intends to disinvest up to 5% of its equity holding. The last date for submission of bid is May 19. The bank expects about Rs 1,000 crore from the stake sale.
State Bank of India offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc.