State Bank of India (NSEI:SBIN) is in talks to increase its stake in its credit card joint venture SBI Cards and Payment Services Private Limited (SBICPSL) as well as find a new strategic partner to replace existing partner GE Capital Services India Limited during the first quarter of 2017. State Bank of India will zero in on a new partner to replace GE Capital in GE Capital Business Processes Management Services Ltd. (GECBPMSL) which takes care of the technology and processing needs of SBI Card. SBI holds 60% stake in SBICPSL and 40% in GECBPMSL with the balance being held by GE Capital in both the ventures.
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5-day change | 1st Jan Change | ||
730.8 INR | -1.04% |
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-0.63% | -3.82% |
![Consensus](/images/consensus_flch.gif)
EPS Revisions
1st Jan change | Capi. | |
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+12.78% | 55.26B | |
+19.69% | 525M | |
-0.20% | 516M | |
+48.65% | 326M | |
+7.71% | 315M | |
0.00% | 176M |
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- SBI May Raise Stake In SBICPSL And GECBPMSL