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SBI to inject funds into insurance arm

KOLKATA: State Bank of India is planning to inject fresh capital into its insurance arm, SBI Life, which is awaiting the right market conditions to raise funds through an initial public offering (IPO). Company’s Managing Director and CEO Uday Sankar Roy, however, refused to divulge the amount SBI LIfe Insurance intended to bring in as fresh capital.

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SBI to inject funds into insurance arm

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