Govt. plans Rs40bn shot in the arm for SBI: Reports

SBI, MD and CFO Diwakar Gupta said the mode of infusion isn’t decided yet. However the money would be optimum for SBI to maintain the capital adequacy ratio of 13%.

Government plans to infuse Rs.40bn in the country’s largest bank SBI, said the reports. SBI, MD and CFO Diwakar Gupta said the mode of infusion isn’t decided yet. However the money would be optimum for SBI to maintain the capital adequacy ratio of 13%.  Earlier Finance Minster P. Chidambaram declared in November that the government would decide how much additional capital isrequired after determining that most of state run banks need funds