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SBI to buy entire 13% stake of three stakeholders in SBI Global Factors
Source PTI (opens in a new tab)
State Bank of India will buy out the entire stake of over 13% held by three other banking partners in SBI Global Factors Ltd (SBIGFL). The other three banking partners are SIDBI, Bank of Maharashtra and Union Bank of India.
SBIGFL, a subsidiary of State Bank of India, is a non-banking financial company. It provides domestic and export factoring services.