NEW DELHI: State Bank of India (SBI) and its subsidiary SBI Capital Markets together plan to dilute up to 1% stake in the National Stock Exchange (NSE) through the exchange’s proposed Rs 30,000-crore initial public offering (IPO). The bank is participating in the NSE IPO and will dilute a 0.7% stake in the exchange, SBI chairman CS Setty said. Highlighting the leadership position of SBI in the housing finance segment, Setty said the mortgage portfolio is set to cross the milestone of Rs 10 lakh crore in the current quarter.
✍️ Vikrant Kharwar
Vikrant Kharwar is the Founder and Editor of News Us Media. He writes about trending news, sports, entertainment, technology, and viral stories. His goal is to make news simple, informative, and easy to understand for readers across the United States and around the world.
