State Bank of India to get Rs. 3,004 crore capital from govt by March

State Bank of India (SBI) to get Rs. 3,004 crore capital infusion from government by March, 2013.

State Bank of India (SBI)SBI-Logo on January 19 announced that the bank will get Rs. 3,004 crore as part of the capital infusion plan for the current fiscal of Government.

“The central board of the bank in its meeting today has approved infusion of capital funds in the bank by the Government of India to the tune of Rs 3,004 crore during 2012-13,” the bank said in a filing to BSE.

Following the capital infusion in March 2012, the government holding in SBI rose to 61.58 per cent from 59.4 per cent.

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