The finance ministry on Tuesday ruled out a rights issue for the country’s largest lender, State Bank of India (SBI) in this financial year. However, it assured the lender that its capital requirements would be met by March 31, 2012.
The ministry also asked all public sector banks to come out with details of their capital requirements for the next ten years, and this could be as high as Rs 3.5 lakh crore.
The ministry also asked all public sector banks to come out with details of their capital requirements for the next ten years, and this could be as high as Rs 3.5 lakh crore.
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