Business SBI approves sale of 4% equity in General Insurance for Rs 481.73 crore Updated : September 26, 2018 05:23 PM IST The sale process, which was announced by SBI in August, is being managed by Kotak Investment Banking. SBI chairman Rajnish Kumar on Wednesday confirmed the lender is looking at selling stakes in some of its subsidiaries including General Insurance over the next two years. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.