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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1042.30
14.00 (1.36%) SBI’s arm gets in-principle approval to set up wholly owned subsidiary
Date: 30-08-2023State Bank of India’s competent authority has accorded in-principle approval on August 29, 2023, to set up a wholly owned subsidiary by SBI Funds Management (Subsidiary company) at IFSC Gift City Gandhinagar subject to receipt of all regulatory approvals.
State Bank of India (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.