SBI Life Set To Hire Eight Banks For Up To $1 Billion IPO

Mumbai: SBI Life Insurance Co Ltd is set to hire eight banks including Citigroup, Deutsche Bank and BNP Paribas to manage its up to $1 billion initial public offering of shares, IFR reported on Friday, citing three sources with knowledge of the deal. The life insurance arm of top Indian lender State Bank of India will hire five local banks - Axis Capital, ICICI Securities, JM Financial, Kotak and SBI Capital Markets -IFR, a Thomson ...