RBI Grade B Officers 2016 Sep shift 2 Paper

(4) SBI Life Insurance is a jointventure between State Bank ofIndia and BNP Paribas Cardif.SBI owns 74% of the total capitaland BNP Paribas Cardifthe remaining 26%. SBI LifeInsurance has an authorizedcapital of Rs. 2,000 crores anda paid up capital of Rs 1,000crores.