Govt likely to infuse $544 mln in FY13: SBI head
NEW DELHI (Reuters) - The government has indicated a capital infusion of 30 billion rupees into State Bank of India in the current fiscal year ending in March 2013, the bank's chairman said on Monday.
The infusion into the country's biggest bank will be done through a preferential allotment of shares, Pratip Chaudhury told reporters.
Capital infusion plans for the next financial year have not been finalised yet, Chaudhury added.
(Reporting by Arup Roychoudhury; Editing by Sunil Nair)
- Tweet this
- Share this
- Digg this
Kerry in India
U.S. Secretary of State John Kerry, who arrived in India on Wednesday for an official visit, has pressed New Delhi to drop its opposition to global trade reforms, saying it was a test of the country's commitment to advance economic liberalisation. Full Article | Slideshow