State Bank of India said that it is not considering to set up a special purpose vehicle (SPV) for its real estate, according to a media report.
SBI plans to set up a holding company in order to raise funds, the report added.
The idea of setting up an SPV for raising capital from markets was launched at a meeting of finance minister P Chidambaram and heads of public sector banks last week.
According to the proposal, a bank could set up an SPV to which it will transfer its realty assets. The bank then can pay rental to the SPV to create an income stream for the SPV, the report further said.
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