News From Press Diluting stake in SBI insurance subsidiaries to take time: Arundhati Bhattacharya

Diluting stake in SBI insurance subsidiaries to take time: Arundhati Bhattacharya

Source: DNA Money Feb 5, 2016

State Bank of India, which is looking to divest some of its stake in life and non-life insurance subsidiaries, on Thursday said that the process may take "a little time"

"Life and non-life we have already said...but it will take a little time. This is not something which will happen immediately," SBI chairperson Arundhati Bhattacharya said on the sidelines of India Investment Summit. The bank has already announced plans to lower its stake in insurance ventures SBI Life Insurance and SBI General.

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