Press Esc to close
Monday 31 August 2015
News updated at 12:16 PM IST
Weather
Max: 29.4°C
Min : 21.1°C
In Bengaluru
Sunny day

SBI gets Rs 3,004-cr capital from govt

Mumbai, Mar 19, 2013, (PTI) :

Country's largest bank SBI today said it has received Rs 3,004 crore from the government as part of the recapitalisation plan of the state-run banks.

Post-infusion, the share holding of the government in the bank has increased from 61.58 to 62.31 per cent.

According to the bank, the government infused the money through subscribing to preferential allotment of 1.29 crore equity shares at the issue price of Rs 2,312.78 per share.

"We are confident that with this capital infusion, we will meet the capital adequacy requirement prescribed by Reserve Bank," State Bank of India (SBI) said.

Earlier, SBI Chairman Pratip Chaudhuri had said that the bank was likely to attain a tier-I capital of around 10 per cent by the end of the fiscal with capital infusion from the government along with accrual of profits.

Government plans to infuse around Rs 14,000 crore in state-run banks this fiscal to boost their core capital ratios as they prepare to comply with the Basel-III guidelines, which will start from next month.


Go to Top

Photo Gallery
Participants run during the Hyderabad Marathon 2015 which witnessed a massive turnout...

Participants run during the Hyderabad Marathon 2015 which witnessed a massive turnout...

People take part in rafting at Bogamati, a picnic spot, in Baska district of Assam...

People take part in rafting at Bogamati, a picnic spot, in Baska district of Assam...

A woman crosses a flooded area over a raft made of banana tree trunks at Dhakuakhana in...

A woman crosses a flooded area over a raft made of banana tree trunks at Dhakuakhana in...

Bollywood actor Kriti Sanon walks the ramp displaying an outfit by designer...

Bollywood actor Kriti Sanon walks the ramp displaying an outfit by designer...

Ganesh idols are taken to the pandals ahead of Ganesh Chaturthi festival ...

Ganesh idols are taken to the pandals ahead of Ganesh Chaturthi festival ...

Artist from Purilia performing Chhau Dance during Photo Fair in...

Artist from Purilia performing Chhau Dance during Photo Fair in...

An elderly man wades through a submerged bridge in flood water at Bengalipara...

An elderly man wades through a submerged bridge in flood water at Bengalipara...

Bollywood actor Arjun Rampal showcases a creation by designer Bugatti during Lakme Fashion...

Bollywood actor Arjun Rampal showcases a creation by designer Bugatti during Lakme Fashion...

President Pranab Mukherjee honours gymnast Dipa Karmakar with Arjuna Award 2015...

President Pranab Mukherjee honours gymnast Dipa Karmakar with Arjuna Award 2015...

Malayali women light lamps at Lord Ayyappa Temple on the occasion of Onam festival...

Malayali women light lamps at Lord Ayyappa Temple on the occasion of Onam festival...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523