India: SBI planning IPOs of two regional rural banks in next one year

Arundhati Bhattacharya, Chairman of the State Bank of India attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 19, 2017. REUTERS/Ruben Sprich

State Bank of India (SBI) is planning initial public offerings (IPOs) of two regional rural banks (RRB) in the next one year, the first such move by a public sector bank, two senior bankers aware of the development said.

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