SBI banks on expansion in GI

 

 

          SBI  is  India's largest commercial bank but it had underperformed the market over the past one month till

 

         13 May 2008, declining 0.27% compared to the Sensex's return of 6.66% .  

 

         It had also underperformed the market in the past three months. 

 

         SBI  will associate with Insurance Australia Group (IAG).  SBI  will hold 74% in the Venture, with

 

         insurance Australia Group holding the remaining 26%.