 "SBI, state bank, state bank of India, bank")
State Bank of India (SBI) will invest up to Rs 1,160 crore to raise its stake to 74 per cent in SBI Cards and Payment Services and GE Capital Business Process Management Services . It would buy out part stake from financial services wing of US-based General Electric to raise its holding to 74 per cent.
The board of SBI gave nod for the proposal, the country’s largest lender informed BSE.
At present, SBI holds 60 per cent stake in SBI Cards and Payments and will acquire another 14 per cent stake.
In the case of GE Capital Business Process, it will purchase
