MARKET EYE-SBI, others gain on capital infusion reports

Mon Dec 3, 2012 3:22pm IST

Related Topics

Stocks

   

* Shares in some state-run lenders including State Bank of India
 outperform the benchmark bank index after
news channels report that the government will take a decision on
capital infusion this week, dealers say.
* In November, Finance Minister P. Chidambaram said the combined
injection of capital will not exceed the 150 billion rupees
($2.73 billion) provisioned in the budget for the fiscal year
ending in March 2013. 
* Lenders likely to get capital rise: State Bank of India rose
1.5 percent, Indian Overseas Bank was 3.3 percent up
while Central Bank of India gained 2.5 percent. The
Bank Nifty was down 0.49 percent.

 (manoj.dharra@thomsonreuters.com)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS EXCLUSIVE

REUTERS SHOWCASE

Modi In U.S.

Modi In U.S.

Obama, Modi work to deepen improving U.S.-India ties  Full Article | Full Coverage 

Factory Activity

Factory Activity

Factories expand at slowest pace this year in September  Full Article 

Monetary Policy

Monetary Policy

RBI not biased towards either raising or cutting rates - Rajan  Full Article 

Asia & Europe

Asia & Europe

Weak demand hits factory activity across Asia, Europe  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage