State Bank of India, India's largest lender, has received Finance Ministry approval for a capital infusion of Rs 6,000-8,000 crore.
The capital infusion will be made by March 31, the bank's chairman Pratip Chaudhuri was reported as saying. Shares in the state-run lender rose as much as 2.6% to Rs 1,825 immediately after the report. Chaudhari told Sethi that it would happen before March 31, 2012, which reiterated the banking secretaryDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
