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News Topical, Digital Desk : State Bank of India (SBI) Chairman CS Sethi said that the initial public offering (IPO) of SBI General Insurance and SBI Mutual Fund is being considered. However, no fixed timeline has been set for this yet. According to PTI, Sethi said this during the launch of a special health insurance branch of SBI General Insurance in Telangana and Andhra Pradesh.
He said, "There are two companies in our portfolio which we are seriously considering - Asset Management Company (SBI Mutual Fund) and SBI General Insurance, but its timeline has not been decided yet. Both these companies are strong candidates for listing. "On being asked about the IPO plan, Sethi said that no fixed schedule has been fixed for SBI General Insurance yet. Impact of US tariff On the impact of US tariff, he said that due to geographical and sectoral diversity, its direct impact on Indian exports is limited. However, sectors like chemicals, textiles, gems and jewellery, which mainly export to the US, may face challenges. He said that the banking sector has limited exposure to these industries. The central government is working to provide assistance to the affected sectors and if the tariff issue drags on, banks will also cooperate if needed. Sethi expressed confidence that the problems related to tariff will be resolved soon. He said, "The most important thing is that the uncertainty related to tariff should be resolved soon."
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