State Bank Of India

State Bank of India (SBI) has received final approval from Executive Committee of the Central Board (ECCB) to acquire 20% stake in SBI Pension Funds (SBIPFPL) from SBI Capital Markets (SBICAPS). The acquisition will be completed by December 15, 2023. Cost of acquisition will be Rs 229.52 crore. 

State Bank of India 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.