India's SBI rises after chair says is mulling listing of general insurance arm
09/06/2026 10:37
BUZZ-India's SBI rises after chair says is mulling listing of general insurance arm ** Shares of State Bank of India SBI.NS rise 2.5% to 1,007 rupees
** India's largest lender by customers plans to list SBI General Insurance, Moneycontrol reported on Tuesday, citing its chairman CS Setty
** "I think it is a candidate for listing, after the AMC. We will definitely look at it. There is a good performance trajectory for SBI General," he said in an interview with Moneycontrol
** SBI did not immediately respond to a Reuters' request for comment
** Thirty six analysts have a "buy" rating on avg; median PT is 1,200 rupees - data compiled by LSEG
** YTD, SBI up ~2%
(Reporting by Urvi Dugar in Bengaluru)
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