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![File1UpdatesIND Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::995757037693714432.png) File1 Updates [@File1UpdatesIND](/creator/twitter/File1UpdatesIND) on x XX followers
Created: 2025-07-23 05:47:03 UTC

Key Update

PSBs Set to Divest Insurance Arms Post XXX% FDI Approval in Sector

State-run banks plan IPOs and stake sales in insurance subsidiaries and JVs once the government permits XXX% foreign investment in the sector.

Lenders like SBI, Canara Bank, Bank of Baroda, PNB, and Union Bank have shared divestment plans with the Centre during review meetings.

The proposed Insurance Amendment Bill includes XXX% FDI for firms investing all premiums domestically, along with simplified norms and allowance for foreign KMPs.

Ventures like Canara HSBC Life Insurance have already begun IPO preparations; others are expected to follow for better market-driven valuations.


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947896221286470101/c:line.svg)

**Related Topics**
[bank of](/topic/bank-of)
[international finance](/topic/international-finance)
[investment](/topic/investment)
[ipos](/topic/ipos)
[insurance](/topic/insurance)

[Post Link](https://x.com/File1UpdatesIND/status/1947896221286470101)