State Bank of India (SBI), the largest lender of India on 5 December 2012 announced about its expectation of infusion of approximately 4000 crore Rupees from the government in 2012-2013 fiscal year. SBI declared that this move would help it in ramping up the capital to more than 13 percent.
The Managing Director and Chief Financial Officer of SBI declared that they were expecting the government to infuse a capital of around 4000 crore Rupees. What will be the mode of infusion was still under discussion. It was declared that various options for mode of infusion were given to the government but the final decision would be that of the government itself.
The government would decide how equity needed to be infused in SBI.
SBI Announced Expectation of 4000 crore Rupees Equity From the Government
By Jagran Josh
Dec 6, 2012, 10:57 IST
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