December 3, 2012 / 9:53 AM / 5 years ago

MARKET EYE-SBI, others gain on capital infusion reports

1 Min Read

* 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)

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