Home » News » SBI may get up to Rs6,000 cr capital infusion in FY12/news06012012
SBI may get up to Rs6,000 cr capital infusion in FY12/news06012012
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Friday, January 06, 2012
Country's largest lender State Bank of India ( SBI) on Thursday said it is likely to get a capital infusion of up to Rs6,000 crore in the current fiscal from the government that will help the lender increase its operations.
'I have received a letter from the finance ministry on recapitalisation. The amount is likely to be between Rs5,000-6,000 crore this fiscal,' SBI Chairman Pratip Chaudhuri said.
The government has already announced that it is committed to providing adequate capital to public sector banks so as to maintain their tier-I capital at 8%.
The capital infusion into SBI, Chaudhuri said, 'will put tier I capital at 9%'.
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