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STATE BANK OF INDIA - Infusion of Capital in the Bank by the GOI through Preferential Allotment of Equity Shares in favour of GOI
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19 Jan 2013
State Bank of India has informed BSE that the Central Board of the Bank, in its Meeting held on January 19, 2013, has approved infusion of Capital funds in the Bank by the GoI, to the tune of Rs.3004 crore during FY 2012-13, by way of Preferential Allotment of equity shares to the Gol, to enable the Bank to support national and international banking operations undertaken through its Subsidiaries and Associates.<br/><br/>In this connection, the Bank is seeking necessary approvals from RBI and Gol under section 5(2) of the State Bank of India Act to increase its issued capital.
View all announcements for STATE BANK OF INDIA Source: BSE India