NEW DELHI 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)
Trending On Reuters
HSBC Holdings Plc is shutting its private banking unit in India, marking the exit of another foreign bank from the cut-throat wealth management business in Asia's third-largest economy. Full Article