State Bank (SBI) FPO likely to be postponed

State Bank of India’s (SBI) follow-on public offer (FPO) is likely to be postponed to next year. RBI has asked State Bank of India (SBI) to postpone its FPO till the merger of its associate banks with itself is completed. This merger is likely to take atleast 1 more year and hence the state ban of India SBI FPO is effectively off for the next one year atleast.

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