India Said to Reject SBI Plan to Raise Stake in Investec Unit

emerging-markets,brics,mergers,banking,reserve-bank,government

Baiju Kalesh

BLOOMBERG INDIA PORTRAIT

Siddhi Nayak

Company Overview

India Set to Open $40 Billion M&A Market to Local Bank Funding

India

Reserve Bank

Regulation

private credit

Equity Capital Markets

Banking

Markets

Finance

Great Britain

Mergers

Government

Europe

Emerging Markets

Asia

BRICS

United Kingdom

The Reserve Bank of India turned down a proposal by the country’s largest bank to increase its stake in an institutional equities joint venture with a local unit of Investec, sources say

SBI Branches Ahead of Earnings Results

The Reserve Bank of India turned down a proposal by the country’s largest bank to increase its stake in an institutional equities joint venture with a local unit of Investec Plc, according to people familiar with the matter.

Bloomberg subscribers can save articles and view them from any device.

Upgrade to an unlimited subscription to save articles and view them from anywhere.

Bloomberg subscribers can send up to {count} articles a month to anyone to read for free, including non-subscribers.

Upgrade your subscription to send up to {count} articles a month to anyone to read for free, including non-subscribers.

Copy article link

Hello,<p>A Bloomberg.com subscriber thought you might want to read this story. To read it, all you need to do is click on the link – no subscription necessary. (Please note the link will only be valid for {days} days.)

Email article link

Please try again. If the problem persists, please contact customer support.

Something went wrong

We've doubled your gift articles this month. Share up to {count} articles with friends, family or colleagues.

As a subscriber, you can gift up to {count} articles this month. The recipient can read the full article for free – no subscription necessary.

As a subscriber, you can gift up to {count} articles each month. The recipient can read the full article for free – no subscription necessary.