SBI Announces IPOs for General Insurance, Asset Management

SBI is planning to offer shares to the public for two of its businesses: SBI General Insurance and SBI Asset Management Company.

The bank's chairman, CS Setty, announced the IPO plans on August 9, 2025.

Details about when the IPOs will happen are still being worked out.

SBI's other financial arms provide services like insurance, cards, and mutual funds.

When asked about US tariffs, Setty said the direct impact on Indian exports would be limited, though some industries could face some impact.