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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1064.50
1.70 (0.16%) State Bank of India to divest up to 4% stake of SBI Cards
Date: 15-11-2019State Bank of India (SBI) has received an approval for divestment of its stake in SBI Cards up to 4% through IPO by way of offer for sale of up to 3,72,93,371 equity shares, subject to the approval of the Securities and Exchange Board of India (SEBI), or Government of India, Reserve Bank of India and/or such other concerned authorities and departments.
The executive committee of the Central Board of Directors (ECCB) of the Bank at its meeting held on November 14, 2019, accorded final approval for the same.
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.