SBI Life Insurance-BNP Paribas Cardiff

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Which among the following public sector banks has announced that BNP Paribas Cardiff is keen to increase its stake from 26 per cent to 36 per cent?
(a) ICICI Bank
(b) Indian Bank
(c) State Bank of India
(d) Punjab National Bank
(e) Bank of Baroda

Ans.(c)

Sol. State Bank of India has announced that BNP Paribas Cardiff is keen to increase its stake in SBI Life Insurance from 26 per cent to 36 per cent. Once the foreign joint venture partner increases its stake to 36 per cent, SBI’s stake in SBI Life will get diluted to 64 per cent.

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