The bank’s board has given an in-principle approval to explore investment opportunity in the bank, SBI said in an exchange filing made after market hours yesterday.
Shares of the largest public lender were trading 8.01% lower at Rs 265.20.
State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body. Government of India holds 57.68% stake in State Bank of India as on 31 December 2019.
