SBI Signs JV with Brookfield for Stressed Assets Fund
Dynamic Levels
State Bank of India has signed an MoU with Canada's Brookfield Asset Management to collaborate on investments in stressed assets. SBI share price has been performing consistently well lately, said market analysts. This joint venture (JV) is a part of its ongoing stress asset resolution process. The public sector lender said in its release that SBI and Brookfield together propose to establish a joint venture (JV), whereby Brookfield shall commit approximately Rs 7,000 cr and SBI up to 5
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