http://www.researchvia.com/nifty-futures/
NIFTY TIPS | New Delhi: SBI is keen to offload its stake in the National Stock Exchange (NSE) as part of the effort to realize Cost for investments and focus more on the core areas of business for the financial powerhouse, Said bychairperson Arundhati Bhattacharya.

"The Department of Financial Services has said to all public sector banks to liquidate accurately the none-core Assets, so that the investment money comes back to banks with profit," the Arundhati Bhattacharya told to a TV channel in an interview.

"The bank`s capital will be strengthened. We`ve some investments in the NSE -- when it began. Now, NSE has become a large institution. So, we want to get the value of our investment," said the banker, who has been with Asia's biggest commercial lender for 37-38 years.

"I don`t know what the amount would be. We like to disinvest, due to we feel it`s the time to get back the value of our investment." The bank has a 15% stake in NSE and the market value is estimated at nearly $1 billion.

With the finance ministry getting ready to table the next national budget in Feb next year, Bhattacharya also had her wish list and spelt out some of them during the long, free-wheeling interview.

"We`ve given them many proposals to include in the budget. Don`t know which one will be accepted. I can tell you 1 or 2," she said.

The first was on the bankruptcy code in which there were some small issues said by Bhattacharya."If tightened, then it would`ve been helpful for our lenders," said the banker, filtering to the draft code circulated by the finance ministry.