SBI Mutual Fund is planning for IPO says Ashwani Bhatia (M.D)

India’s largest bank State Bank of India is planning to list its asset management arm SBI Mutual Fund in next two years.

In an discussion with Economic times Ashwani Bhatia MD and CEO of SBI Mutual Fund said that the matter is under discussion and you should hear from us very soon, within next 2 years for sure he added.

SBI Mutual Fund is a Joint Venture between State Bank of India and Amundi of France wherein Amundi holds 37% stake in Company with total exposure of about Rs. 1.5 Lakh Crore.

SBI is india’s third largest fund housing company. SBI life has already made on Bourses in 2017.

The bank is also planning to list its cards business of SBI Cards (Check SBI Cards details here)

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