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RBI rejects SBI Cap plan to raise stake in Investec unit
Financial Express Lucknow
|October 31, 2025
THE RESERVE BANK of India has turned down a proposal by State Bank of India (SBI) to increase its stake in an institutional equities joint venture with a local unit of Investec, sources said.
SBI Capital Markets, an arm of SBI, had sought RBI’s approval to increase its shareholding in the partnership to around 40%, from about 20%, sources said. Concerns centered on duplication of businesses within the wider group of SBI companies, one of the sources said.
Diese Geschichte stammt aus der October 31, 2025-Ausgabe von Financial Express Lucknow.
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