State Bank of India Notice of General Meeting for Approval of Related Party Transactions

State Bank of India (SBI) has announced its General Meeting of Shareholders scheduled for Friday, March 27, 2026, at 3:00 PM. The meeting will be conducted virtually via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The primary agenda is to consider and approve several Material Related Party Transactions involving various SBI subsidiaries and partners, including SBI Life Insurance, SBI Cards, and international banking entities.

General Meeting Announcement

State Bank of India has issued a formal notice regarding its upcoming General Meeting of Shareholders. The meeting is officially set to take place on Friday, March 27, 2026, commencing at 03:00 PM (IST). The venue will be the State Bank Auditorium, located at the State Bank Bhavan, Madame Cama Road, Mumbai – 400021.

Virtual Conduct and Key Agenda Items

In line with modern governance practices, the General Meeting will be conducted entirely through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). Shareholders are also permitted to vote electronically.

The crucial businesses to be transacted primarily involve obtaining shareholder approval for specific Material Related Party Transactions between SBI and several associated entities. These proposed transactions require ratification to ensure continued compliance and operational continuity.

List of Related Party Transactions for Approval

1. To consider and approve Material Related Party Transactions between SBI and SBI Life Insurance Company Limited.
2. To consider and approve Material Related Party Transactions between SBI and SBI Cards and Payments Services Limited.
3. To consider and approve Material Related Party Transactions between SBI and SBI Payment Services Private Limited.
4. To consider and approve Material Related Party Transactions between SBI and SBI DFHI Limited.
5. To consider and approve Material Related Party Transactions between SBI and SBI (Mauritius) Limited.
6. To consider and approve Material Related Party Transactions between SBI and PT Bank SBI Indonesia.
7. To consider and approve Material Related Party Transactions between SBI and Nepal SBI Bank Limited.
8. To consider and approve Material Related Party Transactions between SBI and Yes Bank Limited.
9. To consider and approve Material Related Party Transactions between SBI Capital Markets Limited and SBI General Insurance Company Limited.
10. To consider and approve Material Related Party Transactions between SBI DFHI Limited and Yes Bank Limited.
11. To consider and approve Material Related Party Transactions between SBI DFHI Limited and Rajasthan Gramin Bank.

Accessing Meeting Materials

The full Notice of the General Meeting, along with an explanatory statement and detailed instructions for participating via VC/OAVM and electronic voting, is publicly available. These documents can be accessed on the official website of the Bank at https://sbi.bank.in, as well as on the websites of the BSE and NSE. Furthermore, e-voting services provided by NSDL are accessible via https://www.evoting.nsdl.com.

Source: BSE