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  • News From Press SBI plan to list general insurance arm may take 3 yrs

    SBI plan to list general insurance arm may take 3 yrs

    Source: ET Dec 18, 2019


    SBINSE 0.32 % chairman Rajnish Kumar on Tuesday said it will take up to three years more to list its general insurance arm.

    The bank will list its asset management company before SBI General Insurance, Kumar said while speaking at the India Economic Conclave organised by Times Network here.

    SBI had last year listed its life insurance arm and the proceeds came in handy to fight difficulties in asset quality. It is also planning to part-sell its stake in SBI 

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