State Bank of India to hire merchant banker for sale of non-core assets

State Bank of India to hire merchant banker for sale of non-core assets

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

The State Bank of India (SBI) has started the process for selling some of its investments which are not critical to its core business in an attempt to shore up its capital base, two people aware of the development said.

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