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November 24, 2015 5:11 PM ET

IT Services

Company Overview of GE Capital Business Process Management Services Ltd.

Company Overview

GE Capital Business Processes Management Services Ltd. (GECBPMSL) handles the technology and processing needs of SBI Card and is based in Gurgaon, Haryana. GE Capital Business Process Management Services Ltd. operates as a subsidiary of Synchrony Bank.

No. 90A Udyog Vihar


Gurgaon,  122015


Founded in 1998


91 12 423 48112


91 12 423 48188

Key Executives for GE Capital Business Process Management Services Ltd.

GE Capital Business Process Management Services Ltd. does not have any Key Executives recorded.

GE Capital Business Process Management Services Ltd. Key Developments

State bank Of India Exploring Various Possibilities To Find a Replacement For GE Capital's Joint Venture Partner

State Bank of India (NSEI:SBIN) is exploring various possibilities to find a replacement for GE Capital, its joint venture partner in SBI Card. GE Capital owns 40 per cent stake in the business, and the remaining is owned by SBI. SBI is exploring three options, including buying back the entire 40 per cent stake of GE Capital. Other options are selling GE Capital''s stake to another investor through a private placement and going for a public issue. There are reports that private equity funds such as KKR, Bain Capital and Baring Asia are weighing options to buy stake in the company. Besides, Tata Capital is also looking at the option. "Work is in progress. No decision has been taken on SBI Card yet," Arundhati Bhattacharya, Chairperson of State bank Of India, told PTI. It is part of GE's global plan to exit from the finance business, she said, adding that it is nothing new. As per an agreement between SBI and GE Capital at the time of formation of SBI Card, it was decided that whenever any party decides to exit the JV, the decision has to be on the basis of mutual understanding.

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