The housing finance company is considered the most valuable investment ever made by the public sector bank.
Part of the sale proceeds would be used to repay Indian lenders including Life Insurance Corporation of India (LIC).
IPOs & Markets
SBI is planning to list Andhra Pradesh Grameena Vikas Bank and Saurashtra Gramin Bank
Q & A
IDFC Bank Ltd chief Rajiv Lall explains the rationale behind the deal.
Pressure points include regulatory hurdles and a potential asset-liability mismatch.
Deal values the housing finance unit at $462.5 million.
CSB has informed RBI and is in the process of appointing a banker to find investors.
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