Press Esc to close
Saturday 02 August 2014
News updated at 3:33 AM IST
Weather
Max: 0°C
Min : 0°C
In Bangalore
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
Ashish Kumar of India performs during the men's individual floor exercise final in the artistic...

Ashish Kumar of India performs during the men's individual floor exercise final in the artistic...

Rebecca Downie of England performs during the women's gymnastics uneven bars apparatus final at...

Rebecca Downie of England performs during the women's gymnastics uneven bars apparatus final at...

A jumper raises sand during the women's long jump final at Hampden Park Stadium during the...

A jumper raises sand during the women's long jump final at Hampden Park Stadium during the...

Roseline Filion of Canada competes in the women's 10m Platform final at the 2014 Commonwealth...

Roseline Filion of Canada competes in the women's 10m Platform final at the 2014 Commonwealth...

Rasheed Dwyer, centre of Jamaica, leads home a Jamaica 1, 2, 3, with Warren Weir, right, who...

Rasheed Dwyer, centre of Jamaica, leads home a Jamaica 1, 2, 3, with Warren Weir, right, who...

England's David Weir wins the men's para-sport 1500m T54 finals in the athletics competition at...

England's David Weir wins the men's para-sport 1500m T54 finals in the athletics competition at...

Botswana's Nijel Amos wins the men's 800m final in the athletics competition at Hampden Park...

Botswana's Nijel Amos wins the men's 800m final in the athletics competition at Hampden Park...

Indian wrestlers (L-R) Pawan Kumar, Sushil Kumar, Geetika and Yogeshwar Dutt medals at the...

Indian wrestlers (L-R) Pawan Kumar, Sushil Kumar, Geetika and Yogeshwar Dutt medals at the...

India's Pawan Kumar celebrates after winning a bronze medal against Pakistan's Muhammad Inam...

India's Pawan Kumar celebrates after winning a bronze medal against Pakistan's Muhammad Inam...

India's Vikas Shive Gowda poses with his gold medal after the medal ceremony of men's discus...

India's Vikas Shive Gowda poses with his gold medal after the medal ceremony of men's discus...

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