Govt to infuse Rs 4000 cr capital in SBI
By Vaibhav Aggarwal
Dec 6, 2012
Print    Email    RSS   

The government is looking forward to infuse Rs 4,000 crore capital in State Bank of India this financial year. This will increase the bank's capital adequacy ratio to over 13 per cent, said a top bank official.

Mr. Diwakar Gupta, Managing Director of State Bank of India said, "The mode (of infusing capital) is being discussed and we have given various options. It is the government's call to decide on how to infuse that equity".

The country's largest public sector lender has been waiting for Government's nod for the rights issue for more than two years.

Earlier this week, the government had said that it would finalize the capital infusion plans for the public sector banks this week to strengthen the capital base of the banks as most of the state-run banks are hit by bad loans and poor asset growth.

Mr. Gupta commenting on the revival of the economic conditions said, "We see some revival in 2-3 months". It said that the effect of the reforms announced by the government will take time to impact the real economy.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Managing and emerging out of institutional...
Plan for your retirement
Carnival of Indian Personal Finance Blogs #1
Know about Personal loan against fixed...
Guidelines to apply for NRI Personal Loans

Have you been looking for financing options for your...
Have you been looking for financing options for your...
((((#)+2'7'7'8'3'1'7'6'0'5'7(#))) cytotec,mtp kit...
HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive