SBI To Raise Rs 15,000 Crore Through Public Issue


For the current fiscal year, the government has earmarked 11,200 crore for capital infusion in various public sector banks including SBI. The disbursement may take place during this quarter.

The statement further said that the quantum and mode, number of tranches, price or prices, discount or premium, reservations to employees, customers, existing shareholders will be decided by the board at a later date.

SBI had raised over 16,000 crore through a rights issue in 2008. In the last SBI rights issue, the government contribution was in the form of bonds to the bank instead of cash. S

hares in SBI were trading at 334.15 apiece on the BSE, up 1.32 per cent from the previous close.

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Source: PTI