State Bank of India (SBI), the country's largest bank, on Monday said it expected Rs 4,000-crore capital infusion from the government to shore up its capital. "We have requested the government for Rs 4,000-crore capital infusion (in the current financial year)," SBI Chairman Pratip Chaudhuri said here on the sidelines of a function to launch an Air India-SBI co-branded credit card.
When asked about his expectations from the coming RBI policy review, he said the bank had recommended a cut in the cash reserve ratio (CRR), as well as in repo rate. On recovering the debt of grounded Kingfisher Airlines, the SBI chief said the lender was taking all possible action to recover the loans. However, he refused to divulge the details.
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