 "A security personnel stands guard in front of the gate of the State Bank of India (SBI) regional office in Kolkata")
A deal to bring in a new partner in SBI Card to replace GE Capital could get sealed in the coming two to three months, according to State Bank of India (SBI) executives. The card company is a joint venture between SBI and US-based conglomerate GE Capital. The latter plans to exit the venture, as part of a global restructuring activity.
SBI had earlier indicated that the process to find a new partner for the card venture was to be completed by September 2016. The bidding and selection has been a complex process, SBI group executives said.
The
SBI had earlier indicated that the process to find a new partner for the card venture was to be completed by September 2016. The bidding and selection has been a complex process, SBI group executives said.
The
