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SBI may integrate broking biz with SBI Caps as part of restructuring

The broking business of the SBI group is managed by SBI Caps Securities, a wholly owned subsidiary of SBI Capital Markets

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Abhijit Lele Mumbai

State Bank of India (SBI) might integrate its broking business with SBI Capital Markets as part of restructuring the latter’s business. If this happens, SBI Caps will focus on investment banking (debt and equity) and broking, while the project advisory and structured finance divisions will be transferred to the parent company.

SBI began the process of restructuring SBI Caps after the Reserve Bank of India (RBI) flagged the duplication of functions at the bank and its investment banking subsidiary. The restructuring is linked to a revamp in the corporate banking business at the parent company. The organisational recast will cover the

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First Published: Apr 27 2018 | 7:00 AM IST

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