RBI blocks SBI's stake increase in Investec joint venture
pre-market1 source ↓written by the desknot a recommendation
- with Investec
- 20% to 40%
The Reserve Bank of India has rejected SBI Capital Markets' request to raise its stake in its joint venture with Investec from 20% to 40%. The regulator cited concerns over overlapping business activities within SBI’s group. This decision may impact SBI's strategic plans in the institutional equities market.
Not investment advice. For informational purposes only.