SBI Caps eyes i-bank JV, to segregate project financing from investment banking
The restructuring of SBI Caps is undertaken after the Reserve Bank of India (RBI) highlighted the duplication of functions at the bank and its investment banking subsidiary. In order to tackle bad loans, SBI had already initiated an overhaul of its operations a month back, which included a restructuring of SBI Caps.
SBI will rope in a joint venture partner for its wholly-owned subsidiary, SBI Capital Markets, as part of a restructuring plan that aims to segregate project financing from investment banking. Image source: IANS