The government has declared to infuse Rs. 1,894 crore capital into State Bank of India.
It has asked the country’s largest lender SBI to take necessary regulatory approvals for the fund infusion.
This is the part of Rs. 7,575 crore capital infusion announced by the government in July last year.
As per the announcement, the government released 75% of the amount while the rest was withheld. The rest was linked to performance.
In continuation of decision of July 19, 2016, the government has approved to increase the paid up capital by way of preferential allotment of equity shares.
