State Bank of India set to sell stake in insurance arm soon

State Bank of India Chairman Rajnish Kumar on Tuesday said the lender is looking to sell stakes in some of its subsidiaries over the next two years.
 

“All our subsidiaries have done exceedingly well. They hold large value which is waiting to be unlocked. We have plans to unlock that potential in the current as well as in the next year,” Kumar said. 
 

The bank is planning to sell its stake in SBI General Insurance, SBI Card and SBI Capital Market, he said.
 

Last year, the lender had listed its life insurance arm, SBI Life Insurance.
 

Kumar said the bank